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Offshore wind industry growth falling short of net zero goals

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The global offshore wind industry had a record year in 2021 in terms of new capacity but is still projected to fall short of the International Energy Agency's net zero goals by 2030, a Global Wind Energy Council (GWEC) report said on Wednesday.

More giant offshore turbines were installed in 2021 than in any previous year, with 21.1 gigawatts of capacity connected to the grid, the GWEC's 2022 global offshore wind report said.

It also undershoots a much lower 2030 target set by the GWEC with the International Renewable Energy Agency, for 380 GW by 2030, which the GWEC said would require "a gargantuan effort" to meet. Offshore wind remains competitive with fossil fuels, but there is a growing gap between installations and targets, the report said.

GWEC referred to fellow trade group Wind Europe's February calculation that the European Union is on track to install only about half the new wind capacity it needs to reach its target for renewable generation in the power system by 2030.

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