There were large orders placed for GE's 13 MW model in 2020, while both the US tech giant and rival manufacturer Siemens Gamesa also announced new 14MW turbines. New offshore wind farms now have capacity factors of more than 50%, according to WindEurope.
The Task Ahead: A Conclusion
Despite optimistic trends in finance and technology, more still needs to be done to deliver the volumes needed to reach European governments' collective commitments of 111 GW offshore wind capacity by 2030 and the EU targets of 300 GW by 2050.
In 2019, the EU published its offshore renewable energy strategy, which introduces its targets to 300 GW offshore wind capacity, especially in the EU-27 by 2050. Including non-member states' drives, primarily the UK and Norway, it is expected that Europe could have around 400 GW of offshore wind capacity by mid-century if all strategic plans are achieved. Furthermore, WindEurope specified there is no reason to assume these targets could not be hit but cautioned that the next 2-3 years would be crucial for setting the right framework to meet these targets.
The industry body added that the European governments would need to tamp up from the current 3 GW/year level to 11 GW/year by 2026 and further maintain the region's installation pace. The European has a comprehensive legislative framework for hybrid offshore wind projects, enhanced maritime spatial planning, and streamlined permitting procedures to unleash Europe's offshore wind energy sector's full potential.
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