Climate Action

Giant new offshore wind farms are set to power 10 million US homes

image-of-offshore-wind-farms

New-offshore-wind-farms-to-be-set-up-on-US-coastline Image: Unsplash/Nicholas Doherty

Sean Fleming
Senior Writer, Forum Agenda

Listen to the article

  • The US is set to power 10 million homes from a series of offshore wind farms.
  • Global offshore wind has grown from 2.2 gigawatts in 2016 to 6.1 gigawatts in 2020.
  • The UK has the most offshore wind capacity of any country.
  • But unless current plans are immediately accelerated, the world will miss the target of net zero by 2050, says the Global Wind Energy Council.

The international offshore wind market is booming, says the Global Wind Energy Council (GWEC), from 2.2 gigawatts (GW) in 2016 to 6.1GW in 2020. This is due, it explains in its Global Wind Report 2021, to new installations and developments in China and the US.

Although it has been slow to adopt wind power, the US is now playing catch-up. By 2030, around 10 million American homes could be getting their power from a series of colossal offshore wind farms along the country’s Atlantic coast. The first of which would be located off the coast of Martha’s Vineyard in the eastern state of Massachusetts.

Have you read?
offshore-wind-farms-are-generating-renewable-power-across-the-globe
Offshore wind farms are helping generate renewable energy Image: GWEC Global Wind Report 2021

A windy outlook for the US

Known as Vineyard Wind, the development took an important step forward when an environmental review of the project was completed by the US Bureau of Ocean Energy Management on 8 May 2021. Under the previous US administration, it had been delayed repeatedly, according to a report in the New York Times. It is expected to be completed by 2023 and will comprise 84 wind turbines generating 800 megawatts of electricity.

In total, 13 offshore wind farms are being considered along the eastern coast of the US, including an estimated 2,000 turbines. The White House claims that the proposed wind farms could “avoid 78 million tonnes of carbon dioxide emissions,” according to the New York Times.

annual-wind-installations-must-increase-dramatically-to-reach-net-zero-by-2050-offshore-wind-farms
Drastic change is needed to meet the required goals by 2050. Image: GWEC Global Wind Report 2021

Offshore wind farms - Leading the charge

New offshore wind developments accounted for 7% of all new wind power installations in 2020, GWEC says – down slightly as a proportion of the overall, but only because of the growth of on-shore generation.

China is the world leader in terms of the number of new offshore wind developments completed each year, and added more than 3GW to its offshore power capacity in 2020. It is now the second largest offshore wind market, having pushed Germany into third place, GWEC says. The UK has the most offshore wind capacity of any country, giving it the number one spot in the worldwide rankings.

Discover

What's the World Economic Forum doing about the transition to clean energy?

Another country singled out for praise by GWEC is South Korea.

In February 2021, South Korea announced plans to build an 8.2GW offshore wind farm at a cost of $43.2 billion. “With this project, we are accelerating the eco-friendly energy transition and moving more vigorously toward carbon neutrality,” the country’s president, Moon Jae-in, told journalists gathered at the signing ceremony for the plan. It is part of the Green New Deal South Korea hopes will make the country carbon neutral by 2050.

When completed, in 2030, the South Korean wind farm will be the world’s largest, dwarfing the 1.12GW generating capacity of the UK’s Hornsea 1 power plant, which is currently the biggest offshore wind farm anywhere.

But, GWEC warns in its report, current policies are not being implemented swiftly or boldly enough – and unless countries immediately accelerate their plans, “we might reach 2.1C and will miss a net zero by 2050 target”.

Loading...
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Stay up to date:

Energy Transition

Related topics:
Climate ActionEnergy Transition
Share:
The Big Picture
Explore and monitor how Energy Transition is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Climate adaptation finance: The challenge for institutional investors and commercial banks

Matthew Cox and Luka Lightfoot

November 22, 2024

These fuel producers are leading the switch to zero-emission fuels in the shipping industry

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum