Global offshore wind capacity will grow sixfold to 115 GW by 2030 from a current base of almost 18 GW, according to the latest forecast by Bloomberg New Energy Finance. * China to overtake UK and lead installations by 2022 * BNEF forecast global offshore capacity at 71 GW by 2025 The market was forecast to grow at a 16% compound annual growth rate from 2018-30, slightly lower than the 19% CAGR that BNEF forecast a year ago for the 2017-25 period when capacity was forecast to reach 71 GW and still be concentrated around Europe’s North Sea region. Article continues below… European Power Daily However, China will emerge as the new driving force, with BNEF predicting it will overtake the UK by 2022 to lead growth with the US, Taiwan, the Netherlands and France also expected to become major markets in addition to offshore pioneers like the UK, […]