Offshore wind energy projects to grow 57%: Westwood

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Offshore wind energy projects final investment decisions (FIDs), outside mainland China, will grow 57 percent in the next 18 months, compared to the 2019-20 period.

The growth in offshore wind energy projects final investment decisions represents an additional 20.4GW of new power capacity with just under a third of this activity being driven by emerging offshore wind markets such as the USA, Vietnam, and South Korea, analysis from Westwood Global Energy Group, a energy market research and consultancy firm, said.