The expansion adds 65 GW of declared target capacity to the Alliance, and positions it to play a crucial role in the expansion of offshore wind.
The Global Offshore Wind Alliance is focused on providing the support countries need to turn ambitions into truly transformative action, which ensures offshore wind delivers on its potential as a key tool in the fight against climate change. COP28 has seen at least 119 countries, so far, pledge to triple renewable energy capacity by 2030 - this will require the rapid expansion of offshore wind as a key tool in the new energy system that will be built this decade.
GOWA’s ambition is to drive the installation of at least 380 GW in 2030 and 2000 GW in 2050 in order to support the global energy transition and reach climate neutrality. To enable this, GOWA will work with its members to build clear financing frameworks, unlock the supply chain and share expertise around marine spatial planning. A new report from the Global Wind Energy Council, a GOWA founder, released at COP28 outlined that, “Clean technology manufacturing is one of the most pressing challenges and opportunities of the current climate and energy debate. We need collaborative thinking and action on trade, finance and policy measures that can effectively respond to the climate emergency.” GOWA has an opportunity to demonstrate best-in-practice collaboration that can set the world on course for its Net Zero targets.
“The fact that the State of California, the EU Commission, Brazil and Panama have joined GOWA shows that there is an increasing awareness of offshore wind’s enormous potential” said Denmark’s Minister for Development Cooperation and Global Climate Policy, Dan Jørgensen, welcoming the new GOWA members. “Offshore wind is a key technology on the path to achieve the target of tripling renewable energy by 2030, which we are working to have adopted at COP28. The announcement of new GOWA members contributes to mobilising momentum for this effort.”
California has set a target of 5 GW of offshore wind by 2040, and 25 GW by 2040, while also having huge interest in floating offshore wind. The European Commission sees offshore wind as a key element of delivering on its climate targets, with a target of 111 GW by 2030, and 317 GW by 2050. Brazil has enormous potential for offshore wind due to its long coastline and will hold the G20 presidency next year. Panama have committed to developing an offshore roadmap for the country.
“The expansion of offshore wind is absolutely fundamental to the world reaching the tripling target” added Ben Backwell, Chief Executive of the Global Wind Energy Council. “The Global Wind Energy Council is delighted with the ambition set out by the COP28 pledge and GOWA provides the perfect toolset for delivering transformative action at the pace the world needs to stay on course for net zero. GWEC sees huge growth for offshore wind, with 323 GW built by 2030. The Global Offshore Wind Alliance creates a global community of stakeholders to drive the acceleration of offshore wind. The continued expansion of our diverse and dynamic group of public and private sector members ensures the Global Offshore Wind Alliance is a key asset in making offshore wind a mainstream energy power source.”
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