Offshore Wind Fastest Growing Power Sector in Europe

Offshore wind energy development in Europe is the fastest growing power sector with 4.9 GW of new capacity under construction according to the European Wind Energy (EWEA). The 4.9 GW will be comprised of 16 commercial offshore wind farms under construction.

EWEA 2014 Statistics ReportDuring the first six months of 2014, 224 new offshore wind turbines totaling 781 megawatts were fully connected tot the grid. This is 25 percent less than during the same period in 2013. However, there are 282 wind turbines installed that have not been connected to the grid during the first six months. Once connected, this will add an additional 1,200 MW of offshore wind energy capacity.

“Despite offshore wind power installations being lower than in the first six months of last year, it remains the fastest growing power sector in Europe” said Justin Wilkes, Deputy Chief Executive Officer at EWEA. “However, despite significant financing activity in the first half of the year, the contraction in installations we have witnessed in these first six months, may well continue into 2015 and 2016.”

“To ensure healthy growth in the latter part of the decade, and to ensure offshore wind energy plays its role in meeting the EU’s competitiveness, security, renewable and climate objectives, the industry must be given longer-term visibility,” Wilkes continued. “An ambitious deal on the 2030 Climate and Energy package by the EU’s Heads of State in October would send the right signal, making their decision particularly important for the offshore wind sector,” he concluded.

Total installed offshore wind capacity in Europe is now 7,343 MW in 73 wind farms across 11 countries, capable of producing 27 TWh of electricity, enough to meet the needs of over 7 million households – or the entire population of the Netherlands.

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