Europe invested a record amount in new offshore wind farms last year – €26.3 billion – despite the unexpected financial demands of the coronavirus pandemic. These fresh investments will finance 7.1 gigawatts of new offshore wind energy, enough to power 2.13 million homes. But that’s not many compared to the millions of homes in the EU’s future plans.
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Last Monday, on his first day in office, Jonathan Brearley, the new chief executive of Britain’s energy market regulator Ofgem, launched his agency’s “Decarbonisation Action Plan” to foster the growth of renewable energy and roll out 10 million electric vehicles over the next 10 years.
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Paris-based wind power developer Eolfi forecasts as much as 16 gigawatts of floating wind energy could be installed off the coasts of France by 2040, if the French government issues commercial-scale tenders for the fast-emerging technology.
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