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China joins top three as offshore wind adds 2.2 GW globally

Global offshore wind market. Image by GWEC report.

Feb 10 (Renewables Now) - China now ranks third in terms of installed offshore wind capacity, with 592 MW of new additions in 2016, while globally offshore wind grew by 2,219 MW.

The Chinese offshore market began what many hope is the sector’s long awaited take-off in 2016, the Global Wind Energy Council (GWEC) says in its annual wind report, released today.

Highlights from 2016 include the Netherlands joining the top five offshore wind countries with 691 MW of new installations, and the excitement surrounding the start of the US’ first commercial offshore wind park. With the 30-MW Block Island facility, the US now ranks 11th globally. Also, Statoil Wind US won the December auction for a wind lease off New York with a record-smashing bid of USD 42.47 million (EUR 40m) in the 33rd round.

The table below, based on figures by the GWEC, shows the global progress of offshore wind. All capacities are given in megawatts (MW).

Country New capacity 2016 Total at end-2016
UK 56 5,156
Germany 813 4,108
China 592 1,627
Denmark 0 1,271
Netherlands 691 1,118
Belgium 0 712
Sweden 0 202
Japan 7 60
South Korea 30 35
Finland 0 31
US 30 30
Ireland 0 25
Spain 0 5
Norway 0 2
GLOBAL TOTAL 2,219 14,384

In the next few years, India is also expected to join the list.

The offshore wind sector last year surpassed expectations for cost reductions, with bids in European tenders reaching record-low rates, including one below EUR 50 (USD 53) per MWh in Denmark. “The cost of wind power continues to plummet, and this is particularly the case for the European offshore sector, which has met and exceeded its 2020 price targets by a substantial margin, and five years early”, commented Steve Sawyer, GWEC Secretary General.

(USD 1 = EUR 0.94)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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