Global Offshore Wind To Top 520 GW By 2040, Floating Wind To Play Major Role – Rystad Energy
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
According to Rystad Energy, global offshore wind capacity will surpass 520 GW by 2040, with floating wind installations nearing 90 GW by that time
These are the first three paragraphs.
In 2023, the offshore wind sector saw a seven per cent increase in new capacity additions compared to the previous year, said Rystad Energy. This momentum is expected to accelerate this year, with new capacity additions expected to grow by nine per cent to over 11 GW by the end of the year.
By 2040, Europe is expected to account for more than 70 per cent of global floating wind installations. Although some project delays beyond 2030 are anticipated, there will likely be a strong push to accelerate deployment, according to Rystad Energy.
As a result, floating wind capacity is projected to approach 90 GW by 2040, led by the UK, France, and Portugal, with Asia (excluding mainland China) expected to account for 20 per cent of global installations.
Note, that Rystad Energy is an independent energy research and business intelligence company headquartered in Oslo, Norway.
Implications For Energy Storage
In Grid Powers Up With One Of Europe’s Biggest Battery Storage Sites, I talk about how the 2.9 GW Hornsea Three wind farm will have a connection to the grid, that incorporates a 300 MW/600 MWh battery.
With 520 GW of offshore wind to be installed by 2040, I suspect that energy storage companies and funds will do well.
If the 520 GW of offshore wind were fitted with batteries like the 2.9 GW Hornsea Three wind farm, there would be a need for around 60 GW of battery output, with a capacity of around 120 GWh.
I doubt, there would be enough lithium for all those batteries.
Some countries like Norway, the United States, Australia, France, Spain, Japan, India, China and others will be able to develop large pumped storage hydroelectricity systems, but others will have to rely on newer, developing technologies.
The UK will be well-placed with around 80 GWh of pumped storage hydroelectricity under development and several promising developing storage technologies.
The Anonymous Widower 
If its a climate emergency we shouldn’t spending so much time and money on developing projects just get on and build them. Dinowic now over 40 years old we have done this before !
Comment by Nicholas Lewis | August 24, 2024 |
SSE have two on the go; Coire Glas and Loch Sloy. The first is under way and reportedly going well.
In this post.
https://anonw.com/2024/06/26/centrica-business-solutions-and-highview-power/
I estimated that Highview Power could build a 5 GWh battery.
These could be approaching the size of small pumped storage systems.
When Highview Power has got the 2.5 GWh systems going, it might be better to go the 5 GWh route, rather than building smaller pumped storage systems.
I also suspect the Highview Power batteries could be built in a factory, rather than on site.
Someone needs to do some decent project management.
Comment by AnonW | August 24, 2024 |