Offshore wind has taken some of the biggest strides in Europe when looking at ambitions, policies, capacity growth and innovation. However, its maturity and expertise in the technology has also resulted in the region enduring most of the brunt from the global challenges seen within the industry.
Over the last five years, Europe have seen a decrease in the number of new farms coming into production. This did see a significant improvement in 2023, with nine new farms being commissioned with a combined capacity of 3.3GW. In 2022, only five new farms were commissioned, but a huge 3.7 GW was brought online thanks to the completion of Hornsea Two off the coast of the UK. In the last 12 months, we have seen six new farms commissioned with a combined capacity of 2.7 GW.
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