Enabling the industry to scale
Increasing the installed offshore wind generation capacity by a factor of 20 by 2050 – which is required to drive the electrification of hard-to-abate sectors and to continue the replacement of fossil fuels in Europe’s power supply – is possible.
The European offshore wind industry currently installs approximately about 4GW per year. Towards 2030, with current buildout plans, the European supply chain capacity will have to double this to about 8GW per year.
However, to stay on the right trajectory towards 2050, an even faster buildout rate is needed. From 2030 onwards, 20 GW or more will have to be installed each year.