Europe Launches Offshore Wind Power Bonanza

Is 55 gigawatts of new offshore wind by 2020 possible?

Nearly 130 gigawatts of installed wind power accounted for more than 8 percent of Europe’s electricity demand in 2014, according to a new report from the European Commission.

That figure might not seem particularly large, especially since renewable energy accounted for 78 percent of Germany’s power consumption one afternoon in late July.

But the report features some impressive figures on offshore wind projections, a category that Europe continues to dominate.

 Offshore wind is expected to boom over the coming years in Europe, building on a record year in 2014, which saw nearly $20 billion in investment, according to Bloomberg New Energy Finance.

Read the full story at TheEnergyCollective.com