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Offshore wind targets will be missed before installation rush of 2030s

Anyone reading today’s trade publications cannot be surprised that the offshore wind industry is poised for dramatic growth in the coming two decades. But the 30-year-old industry will take on the kind of kudos usually reserved for Silicon Valley and the telecoms industry – driving the creation of 8 million jobs globally, and attracting $1.3 billion of cumulative investment which will lead to the build out of over 400 GW of electricity generating capacity by 2040. This vision comes from Rethink Energy’s latest forecast entitled, “Offshore wind to drive 8m jobs, is key to decarbonization,” a comprehensive global study on the technology and key drivers behind a market which shows no signs of slowing down in run up to 2040.…

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