China passes Germany as planet’s second-largest offshore wind market

China has overtaken Germany as the world’s second largest offshore wind market behind the UK with 7.9GW of operational capacity, according to a new Global Offshore Wind report.

World Forum Offshore Wind’s first half-year report for 2021 shows global offshore wind installations reached 34,137MW by the end of June.

This demonstrates a slowdown in global offshore wind growth likely caused by the adverse effects of COVID-19, the report states.

Worldwide six new offshore wind farms went into operation during the first six months of the year in China, Denmark, the Netherlands, and Taiwan.

China also showed rapid growth with a total capacity of 5.3GW also currently under construction.

[Staff Report]

26 August 2021

IEEFA