Europe confirmed a record amount of €26.3bn of investments in new offshore wind farms last 2020


The EU Offshore Renewable Energy Strategy (ORES) that the EU Commission tabled last year was a milestone. It mapped out the regulatory framework for the expansion of offshore wind development and set a target of 300 GW offshore wind for the EU by 2050, 12 times more than the today’s capacity of 25 GW.

In parallel, offshore wind technology continues evolving. Meanwhile the average size of the turbines installed last year was over 8 MW, 2020 saw big orders for GE’s 13 MW GE Haliade-X turbine and Siemens Gamesa announced a new 14 MW turbine.