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Global offshore wind investment broke new records in 2020

Global offshore wind investment broke new records in 2020 Almost $30 billion was spent in the sector globally, new report estimates Global investment in offshore wind set a new record in 2020. A new report by the Renewables Consulting Group (RCG) estimates almost $30 billion (£21.5bn) was invested in the sector globally last year, surpassing the previous high of $22 billion (£15.7bn) in 2018. The research suggests a total of 8.3GW of offshore wind capacity was financed across the European, Americas and Asia Pacific regions, excluding China. That is compared to 6.4GW financed in 2018. The UK saw more than 3.6GW in capacity secure investment with 2.9GW supported by the contracts for difference (CfD) mechanism.

Opex is being overvalued as a driver of the future price of offshore wind

Wind Power In Louisiana: High Potential, A Long Way Off

Department of Energy Gov. John Bel Edwards has set a goal for Louisiana to be carbon neutral by 2050, but so far, the state is behind its neighbors. Now, Edwards wants to develop offshore wind power in the Gulf. It’s something that’s already happening in other parts of the country with help from a Louisiana company, even. Just off the rocky coast of Rhode Island, five giant white wind turbines turn in the wind. It’s the first commercial offshore wind farm in the U.S., partially built by Gulf Island Fabrication, a Houma-based steel fabricator. The company used its expertise in old-school oil platforms to build the bases for the nearly 600-foot tall wind turbines.

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