Offshore wind forum commits to 500 GW by 2050

Industry leaders attending the first Global Offshore Wind Summit in Taipei, Taiwan have published updated figures for offshore wind and have signed a commitment to ‘500 by 50’ – 500 GW of new offshore wind capacity by 2050.

By signing the declaration, members of the World Forum Offshore Wind (WFO) committed themselves to utilising the industry’s potential to build additional 500 GW of offshore wind capacity by 2050.

The WFO said its target is based on the latest projections by the International Renewable Energy Agency’s transformation roadmap, which state that the industry has the potential to reach 520 GW of installed offshore wind capacity by 2050. A total of 22 GW has been installed to date.

“WFO and its members are convinced that this kind of offshore wind growth can be achieved if the global offshore wind community and value chain works together with governments and regulators around the world,” WFO said in a statement. It said a collaborative, cross-industry and multilateral approach needs to be implemented.

The WFO also published updated global offshore wind figures during the Taipei summit. It said that, globally, 4,988 MW (nearly 5 GW) of offshore wind capacity was installed in 2018. This made 2018 a record year for the global offshore wind industry with more capacity installed in a single year than has been achieved before. In total, global offshore wind installations reached 22,045 MW by the end of 2018.

Source: Owjonline