Wednesday 18 January 2023

The offshore wind sector witnessed another year of high growth despite global financial uncertainties. Although 2022 did not match 2021’s record of over 19.5GW of online capacity, which was mainly driven by the expiration of national feed-in-tariffs in Mainland China (MC), 2022 witnessed the second highest amount of global online capacity with almost 8.5GW. Final investment decisions (FIDs) were taken on over 11.5GW of projects, making it the fourth highest year for FIDs.

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