The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy.

The 27-nation EU, which is already home to 42% of the world’s offshore wind capacity, says the technology now produces clean power at a lower price than any fossil fuel-based source.

A draft of the European Commission’s strategy for offshore renewable energy, seen by Reuters and due to be published on Nov.

EU Eyes Huge Increase in Offshore Wind Energy to Meet Climate Goals | Devamı>>>