The National Renewable Energy Laboratory (NREL) has announced that as per its new report, the global offshore wind market growth predictions show enhanced growth in the next decade, with cumulative capacity ranging from 154 to 193 gigawatts (GW) by 2030, and long-range predictions of over 500 GW by 2050.
Funded by the US Department of Energy’s Wind Energy Technologies Office, the report covers the status of the 176 operating offshore wind projects through December, 31, 2018. The report also provides the status of, and analysis on, a broader global pipeline of 838 projects in various stages of development
In June, a report by the Global Wind Energy Council (GWEC) had predicted that the global offshore wind sector could expand to over 200 GW by 2030 if it lives up to its potential.
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