Offshore wind is all the rage right now, competing without subsidies and floating into deeper waters with new foundation designs.
For all its promise, however, offshore wind remains mostly a European affair, with WindEurope data showing more than 12.6 gigawatts of capacity installed across 81 projects in 10 countries at the end of 2016. The picture is beginning to change, however.
Nations from Australia to India are reported to be harboring offshore wind plans. Denmark’s MAKE Consulting, a wind consulting group owned by GTM’s parent company, expects more than 10 gigawatts of yearly offshore wind projects around the world by 2026.
