Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S. Energy Information Administration (EIA) said in a report on Thursday.

While the Biden administration has set a goal of reaching 30 GW offshore capacity by 2030, from just 42 megawatts currently with 2 small projects, the Biden administration noted that projects include the New Jersey, Maryland and Virginia coasts and Lake Erie near Cleveland, Ohio.

U.S. to Add 6 GW Offshore Wind Capacity Through 2029 | Devamı>>>

According to the EY Renewable Energy Country Attractiveness annual index; Ahead of the 26th United Nations Climate Change Conference, many countries are planning to raise their energy targets despite weak economic conditions.

Global renewable energy capacity investments increased by 2% in 2020 to reach 303.5 billion dollars. However, according to the Renewable Energy Country Attractiveness Index (RECAI), which is prepared for the 57th time this year by the international audit and consultancy company EY (Ernst & Young); To achieve net-zero targets globally, an additional $5.2 trillion investment is required.

Biggest Barrier to Net-Zero Goals Financial Difficulties | Devamı>>>

The U.S. wants to expand its offshore wind capacity to 30 gigawatts by 2030, a move the Biden administration hopes will generate thousands of jobs and unlock billions of dollars in investment in coming years.

The target, announced by the Departments of Energy, Interior and Commerce on Monday, represents a significant ramp-up of America’s fledgling offshore wind industry, which trails other parts of the world.

U.S. Announces Plans to Ramp Up Offshore Wind Capacity in a Big Way | Devamı>>>

The European offshore wind sector attracted over 26 billion euros (around $31.7 billion) of investment last year, a record amount, according to the latest figures from industry body WindEurope.

In an announcement Monday, the Brussels-based organization said the cash raised will finance a total of 7.1 gigawatts (GW) of offshore wind capacity, with projects set to be developed and built over the next few years.

Europe’s Offshore Wind Sector Saw a Record $31 Billion! | Devamı>>>

A major offshore wind farm, set to be the largest on the planet, took another leap forward Thursday with SSE Renewables and Equinor announcing the completion of a deal to finance the project.

Once completed, the Dogger Bank Wind Farm in Britain — a 50:50 joint venture between the two firms — will have a total capacity of 3.6 gigawatts (GW).

The first two phases, Dogger Bank A and Dogger Bank B, will be built simultaneously, with each having a capacity of 1.2 GW.

World’s Largest Offshore Wind Farm Seals Financing Deal Worth $8 Billion | Devamı>>>

France plans to double its renewable energy capacity with a system of regular tenders under a draft 10-year energy strategy plan published on Friday.

The so-called PPE plan, which lays out capacity targets for various energy sectors over the 2019-2023 and 2024-28 periods, also confirmed that four to six nuclear reactors – including two in Fessenheim – will be closed by 2028, as announced late last year.

France aims to boost electrical renewable energy capacity – including hydropower – from 48.6 gigawatt (GW) end 2017 to 74 GW in 2023 and 113 GW in 2028, mainly by boosting wind and solar.

France to Double Renewables Capacity Under 10 Year Energy Plan | Devamı>>>