The UK’s pipeline of offshore wind projects now stands at almost 100GW across 130 projects, an increase of 14GW over the past 12 months according to new figures.
The total includes 13.7GW of fully operational capacity and a further 13.6GW under construction or with support secured for a route to market:
The research published by RenewableUK also showed the global pipeline stands at 1,174GW across 1,417 projects in 38 countries – an increase of 508GW over the past 12 months. Fully developing that offshore wind capacity could meet 20% of global electricity demand.
While the UK retains the second largest pipeline, accounting for 8.5% of the global total, it is the first time it has fallen below 10%, reflecting the rapid growth of new markets like Australasia and South America.
RenewableUK’s Chief Executive Dan McGrail said: “The UK retains a powerful position in offshore wind, second only to China, but we’re seeing incredible growth in new markets like Australia, the USA and Brazil.
“There’s now fierce global competition for investment in not only wind farms, but also manufacturing facilities and supply chains. The US and EU are offering massive financial incentives for renewable energy, while in the UK the Government has been raising taxes on clean energy. These figures underline the need for bold action to attract the billions in private investment we need, otherwise the UK risks being left behind in the years ahead, with money and jobs going to more attractive global markets”.