Mainstream has already played a leading role in growing this sector by more than 30% during the past decade.
We developed and sold 3.45 GW of projects in UK waters, accounting for almost a third of its forecast offshore wind capacity for 2020.
And we are now working closely with policymakers and industry partners to bring new projects on stream around the world, starting with the 800 MW Soc Trang Wind Farm – South East Asia’s largest – in Vietnam.
OREAC will publish a roadmap to 2050 later this year that sets out the policy, infrastructure and market supports that will be needed to realise its 1,400 GW vision.
The ambition, which goes beyond current offshore wind forecasts, is considered to be entirely achievable given the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition.
A report for the High Level Panel for a Sustainable Ocean Economy shows that ocean-based renewable energy could meet nearly 10 per cent of the global annual greenhouse gas emissions reductions needed to remain on a Paris-compliant 1.5°C pathway in 2050. It estimates that up to 85 per cent of this decarbonisation potential will come from offshore wind.