RenewableUK’s latest EnergyPulse market intelligence data report shows that the UK’s pipeline of offshore wind projects has reached 97,944MW, up from 91,287MW a year ago.
Meanwhile, the global total topped 1.23TW, an increase of nearly 400GW in the last year. The pipeline includes projects at every stage of development: operational, under construction, consented or planned.
The UK total pipeline was second globally at 98GW, second only to China with 157GW, followed by the USA in third place with 82GW, Sweden is fourth with 75MW and Brazil fifth with 63GW.
By the end of 2020, the UK was leading the world in operational offshore wind capacity, with 10.4GW compared to the 7.7GW of China. 2021 saw China not only surpassing the UK but reaching more than double its capacity, with 16.9GW going operational in a single year. After installing 5GW since the end of 2021, China currently accounts for 48% of global operational capacity.
‘‘These latest EnergyPulse figures show both the UK and global offshore wind pipeline is continuing to grow at pace, with new projects coming forward on a massive scale,” said RenewableUK’s chief executive Dan McGrail
“While the UK has established itself as a global leader in both fixed-bottom and floating wind, we cannot afford to be complacent. More and more countries are fleshing out their offshore ambitions, with clear plans for future developments and industrial strategies to accompany them.
“Recent developments such as the Inflation Reduction Act in the USA and the EU’s Green Industrial Deal have increased competition for investment. We must double down on our efforts to support and accelerate offshore wind development, and I’d encourage the Chancellor to bring forward new measures in the Autumn Budget to incentivise manufacturing investment into the UK that might otherwise go overseas.”