Europe needs more offshore wind energy investments

Wind Industry Profile of

Europe built 2.1 GW of new offshore wind in the first half of 2023. Final investment decisions were taken for a further 5 GW after delays last year. But this is still whims what the EU wants. Crucially, the offshore wind supply and logistics chain urgently needs new investments – and the EU’s Net-Zero Industry Act won’t deliver these in its current form. Auction design is another red light: Governments must allow for cost indexation and avoid uncapped negative bidding.

Europe installed 2.1 GW of new offshore wind in the first half of 2023, bringing its total offshore wind capacity to 32 GW. Over half of this was in the Netherlands. The rest was in the UK, Germany and Norway. This is below the level needed to reach Europe’s energy and climate targets. Investments... ... More: Official Press Release WindEurope

Keywords:

WindEurope, offshore, supply chain, Europe, GW, investment, delay, Net Zero Industry Act, UK, Germany, Norway, Netherlands, NZIA, recovering