Insights into the “EU Offshore renewable energy strategy”

Some key facts about the “EU Offshore renewable energy strategy” published recently:

First of all, the status quo:
– 12 GW installed offshore wind capacity in EU waters
-with this, the EU 27 host impressive 42% of capacity installed globally (together with UK hosting alone almost 10 GW in total a share of 80% (!))
– LCOE for bottom-fixed installations: 45-79 EUR/MWh (44% decrease over last 10 years)

Main target of the strategy:
– increase of installed offshore wind capacity in EU waters to 60 GW (by 2030) and 300 GW (by 2050)
– this represents 25 times the capacity installed today while with existing policies the capacity is expected to grow until 2050 “only” by a factor 7.5 -> efforts need to almost quadrupe
– additionally further capacity from ocean energy amounting to 1 GW ocean energy by 2030 and 40 GW by 2050

Additionally interesting:
– expected level of required investment: 800 bn EUR
– particularly interesting about this number: one third expected for generation capacity and two thirds for grid infrastructure
– envisaged grid infrastructure pathway: first of all intensify “hybrid projects (energy islands, etc ), later “fully meshed offshore network”

Link: https://lnkd.in/edgw5ie