Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

UK a global offshore, wind-power market leader, with significant growth expected thru 2020, says GlobalData

By Paul Dvorak | September 19, 2014

Supported by aggressive renewable targets, policy backing, and a shift towards a greener climate, the UK propelled itself to the head of the global offshore wind power market in 2013, boasting a cumulative installed capacity share of around 52%, according to research and consulting firm GlobalData.

GL Guide to Offshore UK Wind O&MThe company’s latest report* says the UK’s cumulative offshore wind power installed capacity increased from just over 0.3 GW in 2006 to 3.7 GW in 2013, at an impressive Compound Annual Growth Rate (CAGR) of 42.9%.

With installations expected to increase from 3.7 GW to 11 GW by 2020, at a CAGR of 16.9%, the UK will remain the leading offshore wind power market by the end of the forecast period, boasting a 36.4% share of the global cumulative offshore installed capacity.

Swati Singh, GlobalData’s Analyst covering Power, says: “The UK’s growing concerns over climate change and the security of its energy system will provide sufficient impetus for the country’s offshore wind industry to continue its growth trajectory. The last decade has seen offshore wind progress from an immature to a proven technology, which is expected to contribute significantly to the achievement of the UK’s renewable targets.”

The government has set a target for 15% of the UK’s energy to be generated from renewable sources by 2020. GlobalData expects to see more investment into the industry to help achieve the goal. Offshore wind power currently contributes around 3% of the country’s total energy generation.

Singh explains: “Overall project costs have risen as a result of increasing water depths, distance from the shore, and average turbine size. With a number of UK installations anticipated between 2016 and 2020, annual investment in the market will jump from $3.3 billion in 2013 to $7.53 billion by 2020.”

According to GlobalData, Siemens dominates the global offshore wind turbine cumulative installations. The company was the largest offshore wind turbine manufacturer in 2013, having accounted for almost 56.5% of the world’s cumulative installed capacity that year.

Siemens maintained its market-leading position in the UK in the same year, achieving 100% of the country’s new offshore installations and claiming a massive 73.3% share of its cumulative installed capacity.

GlobalData
www.globaldata.com


Filed Under: News, Offshore wind, Policy
Tagged With: GlobalData
 

About The Author

Paul Dvorak

Related Articles Read More >

Richardson Electronics to deliver pitch energy modules to TransAlta wind fleets
Equinor halts work on Empire Wind offshore project after federal government order
ARESCA wants input on offshore wind standards
US wind market has worst install year since 2013

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe