European offshore wind power fixed record EUR 18 billion of investments in 2016

The European wind power association WindEurope, already traditionally in new year’s January, made a report “The European offshore wind industry. Key trends and statistics” representing the current status (data as of the end of 2016) and prospects for further development of the European offshore wind industry.

The new document reports that the European offshore wind power connected to the grid 1,558 MW of new installed capacities in 2016 (which is approximately 2 times lower than in 2015). And the cumulative installed capacity of the European offshore power plants has reached a total of 12,631 MW.

The added one and a half gigawatts are provided due to new installations in three countries: Germany (813 MW), the Netherlands (691 MW) and the UK (56 MW) - distributed between 7 offshore wind farms. They represent 338 wind turbines with an average capacity of 4.8 MW (the increase is registered compared to 4.2 MW in 2015).

Chief Executive Officer of WindEurope Giles Dickson commented on the published statistics  on the association 's official website, “It’s nice to see that investments in offshore wind power are increasing every year by 40%. The growth trend in the installation of new capacities has been observed over the the last five years, taking into account a spike in 2015 due to a backlog of grid connection during the preceding period.”

And the investments for the reporting period are marked by a record volume of EUR 18.2 billion, which will be applied towards the construction of offshore wind farms in the coming years. It has already been determined that 4.9 GW more of new capacities will be added in five countries, and half of this volume is allocated to the UK.

Giles Dickson also reported, “We have installed on average one wind turbine daily in Europe during the last two years, and thanks to the development of greenfield projects we expect their numbers to rise quickly during the next 4 years. In 2017 we should add over 3 GW. Also by 2020 we will reach the value of 25 GW of total installed capacity, which will double today’s figure. However, much remains uncertain: Germany, the Netherlands and the UK have made it clear that they will hereafter abandon the policy of the build-up of offshore capacities to 2030, but the decisions of other countries are not yet known. Now is the high time for these countries to decide, as they are starting to draw up their energy and climate change action plans as part of the EU Energy Union. In order to deliver on targets of transition to sustainable energy Europe should keep up the strong development of exactly offshore wind power. This sector is becoming increasingly affordable: the last four tenders show that offshore wind power is currently competitive with all other forms of electric power generation.”

You can learn more details about the report on the official website of the European wind power association WindEurope

The European offshore wind industry. Key trends and statistics 2016



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