Global offshore wind installation has increased by 47% during 2020. According to the Offshore Wind Project Intelligence report published by the British wind energy trade body, the total capacity of offshore wind projects worldwide that are operational, under construction, consented, in planning, or in development, currently stands at 197.4GW, up from 134.7GW in mid-January.
Offshore wind has gained traction and is one of the biggest movers in the energy industry due to a drastic fall in prices in the last few years, as the size of turbines grew, increasing output, and technology to provide the footings and connections have improved.
It is worth mentioning that more than half of the global offshore wind installation is concentrated in Europe and it has been growing in the Asia region.
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