RENEWABLE ENERGY

EU eyes huge increase in offshore wind energy to meet climate goals

The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy.

The 27-nation EU, which is already home to 42 per cent of the world’s offshore wind capacity, says the technology now produces clean power at a lower price than any fossil fuel-base per centd source.

A draft of the European Commission’s strategy for offshore renewable energy, seen by Reuters and due to be published on Nov. 18, says the bloc should aim for 60 gigawatts (GW) of offshore wind by 2030 and 300GW by 2050. Its current capacity is 12GW.

The draft also includes a goal of 60GW of wave and tidal energy by 2050.

The Commission said it did not comment on draft documents, which can change before publication.

Source
ET Energy World
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