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Global offshore wind market blowing strong

More countries are utilizing their offshore wind capabilities, according to an ASDReports white paper.


Between 2006 and 2013, the global installed capacity grew from 0.9 GW to 7.1 GW, for a Compound Annual Growth Rate (CAGR) of 34 percent.  ASDReports states that global potential is expected to increase more than fivefold from 7.1 GW in 2013 to 39.9 GW in 2020, a CAGR of 28 percent.


The leading countries for growth were Belgium, Denmark, Germany and the UK, which collectively brought 1.6 GW online in 2013.  That growth is expected to continue with projects also coming online in China.

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