Despite the Covid-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 gigawatts (GW) at year-end, from 27.7 GW at the end of 2019, Rystad Energy estimates. China was the main contributor in 2020, accounting for 39% of last year’s additions, followed by the Netherlands (18%) and the UK (17%). Rystad Energy expects the global installed offshore wind capacity to further increase by 11.8 GW in 2021, a monumental 37% step-up compared to 31.9 GW in 2020. China will continue to lead the new capacity additions, contributing 63% of the expected growth. As Covid-19 hit the Chinese market first, fears over supply chain disruptions emerged, with offshore wind developers worried about delays to projects down the line. And as the pandemic spread throughout the world, the risks of a severe slump in construction activity grew. More countries closed their borders and went into lockdown […]