The capacity growth will be driven by continued expansion in the UK, Germany and China, with emerging markets such as the US and France also weighing in, says DW’s World Offshore Wind Market Forecast.

Annual additions will peak at 7.5GW in 2020, rising from 5.3GW expected this year, says DW.

The report anticipates the offshore wind sector attracting capex of €240bn. But it adds: “However, these figures only include projects which have passed the conceptual phase of development, resulting in a large potential for upside post-2020, totalling some €60bn.”

DWE