Thursday 15 December 2022

While governments are racing to meet energy independence and climate goals, 2022 is set to be a record-low year for investment activity in a critically important renewable energy technology: offshore wind.

To date in 2022, only around 800 MW (0.8 GW) of electricity generation capacity across a handful of small projects has reached a final investment decision (FID), – the point at which major financial commitments are made. This is according to an analysis published in today's Global Market Overview report from leading offshore wind intelligence providers, 4C Offshore. They add that, between 2015-2021, the average annual FID rate has been six times that number, nearly 5 GW per year.

Full story here.