25% of global offshore wind market owned by UK: A quarter of all offshore wind projects around the world is owned by the UK who are currently dominating the offshore wind market.
The trade association RenewableUK says in a new report, which suggests the UK boasting a total capacity of 38.9GW, has retained its top spot in the industry in terms of projects already in use or in the pipeline.
The report also shows that growth has soared by 30% in the last year from 122GW to 159GW of global offshore wind energy projects which are being planned, consented, under construction or operational.
From fourth to second place with 19.3GW, China saw an increase of 7.3GW, up 60%.
Remaining in third place is the US, achieving an increase from last year of 13% , dropping from second to fourth place is Germany adding just 68MW, its total of 16.5GW has remained almost the same over the previous 12 months.
Taiwan has stayed in fifth position with its project pipeline growing by 28% the research in the report also notes.
Melanie Onn, RenewableUK’s Deputy Chief Executive said: “In the current economic crisis, these new figures show that offshore wind is one of the major growth opportunities worldwide.
“In the UK alone, we estimate next year’s auction for renewable power could secure over £20 billion of new investment.”
25% of global offshore wind market owned by UK