Global offshore wind construction will hove through the coronavirus-fuelled economic chaos in 2020 but the industry’s onshore build-out will suffer serious delays, as overall installation levels fall 12%, from 75.5GW to 66.4GW, according to revised forecasts from Bloomberg New Energy Finance (BNEF).
BNEF sees the greatest immediate impact of Covid-19 being felt in Europe and the US where project delays will further tax already tight construction time-lines, with 2021 now expected to have over 70GW installed for the first time in a year as stalled developments get built.
