WFO Issues 500GW by 50 Mission Statement

Members of the newly-formed World Forum Offshore Wind (WFO) association have signed a ''500 by 50'' Mission Statement to pave the way to utilising the industry’s potential to build additional 500GW of offshore wind capacity by the year 2050.

This mission is based on the latest projection by the International Renewable Energy Agency’s (IRENA) transformation roadmap which states that the industry has the potential to reach 520GW of installed offshore wind capacity by the year 2050.

Since 22GW is already installed, this leaves almost 500GW of offshore wind capacity which needs to be developed, built and installed over the next three decades until 2050, WFO said.

WFO and its members are convinced that this steep offshore wind growth can only be achieved if the global offshore wind community across the whole value chain works together with governments and regulators around the world. In a collaborative, cross-industry and multilateral approach a clear growth path for offshore wind in markets around the world needs to be implemented.

The non-profit association has also published its updated global offshore wind figures which show that 4,988MW of offshore wind capacity was added globally in 2018, making it a record year in terms of the annual added capacity.

WFO was launched in December 2018 by DEME NV, EEW Special Pipe Constructions GmbH, E.ON Climate & Renewables GmbH, Green Giraffe BV, innogy SE, Marsh GmbH, Northland Power Inc, Suzlon Energy Limited, US Business Network for Offshore Wind, and Watson Farley & Williams LLP.

Related news

List of related news articles

Posted: 4 months ago

HOFOR to Probe the Sound for Offshore Wind

The Danish Energy Agency (DEA) has granted permissions to the Greater Copenhagen Utility (HOFOR) to ...

Categories:
  • Authorities
Posted: 4 months ago
Posted: 6 months ago

Five Developers Ready to Battle for New York Offshore Wind

Five developers have expressed intent to participate in the New York State's first offshore wind sol...

Categories:
  • Authorities
Posted: 6 months ago
Posted: 4 months ago

Senvion Seals Italian Offshore Wind Deal

German wind turbine manufacturer Senvion has concluded a 30MW contract with Renexia for the first of...

Categories:
  • Contracts & Tenders
Posted: 4 months ago
Posted: 5 months ago

Four Enter New York Offshore Wind Race

Four proposers responded to New York State's first offshore wind solicitation with a total of 18 bid...

Categories:
  • Contracts & Tenders
Posted: 5 months ago