Off Shore Wind Setting Record Growth Levels

Off Shore Wind Record Growth


2015 Will See 4.2 Gigawatts Of New Solar Wind Capacity Worldwide

Germany will be leading the pack with an additional 2.3 gigawatts installed this year. Seconded by the UK with 1.0 gigawatts.

Back in 2013 there was only a total of 2.1 gigawatts installed around the world.

The prediction is that the increase in installations will continue at least until the year 2020.

These stats come from Tom Harries, a wind analyst for BNEF in London.

Harries said. “There’s increased confidence that the technology is working and the cost of the technology is coming down.”

The total amount of offshore wind power in operation will reach 48 gigawatts by 2020, growing at a compound annual rate of 53 percent, according to the report.

Installing turbines in the harsh marine environment is more challenging than on land, making the electricity more expensive. The levelized cost of energy for offshore wind farms is now about $179 a megawatt-hour, down from $202 in the second half of last year, in part because of currency fluctuations, according to the report. Onshore wind power costs about $85 a megawatt-hour.

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