Offshore wind installations lag government targets
States are ramping up targets, but complex permitting systems constrain developers’ ability to deliver projects at pace, says Global Wind Energy Council
Global installations of offshore wind power capacity are failing to keep pace with rising government targets as the sector faces challenges including complex permitting procedures, supply chain issues and an “overheating” market for seabed leases, according to industry group the Global Wind Energy Council (GWEC). Governments around the world have embarked on a “race to the top” in terms of setting offshore wind targets, but there is a widening gap between these goals and actual capacity installations, the GWEC says in its Global Wind Report 2022. “Global governments urgently need to put in place the policy and regulatory frameworks to deliver against their promises,” it says. “There is a gro
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist