Background

Offshore renewable energies, particularly offshore wind and wave energy, have an essential role to play in meeting the emission reduction targets in the Paris Agreement.

Floating wind is a technology that will make it possible to efficiently exploit the wind potential in deeper waters and, therefore, it will be able to drive rapid growth in the future offshore wind energy market.

Wave energy is a developing technology that is primarily in the prototype and demonstration phase at present.

The forecasts for 2030 are:

Worldwide

The Global Wind Energy Council (GWEC) has updated its floating wind targets worldwide following an increase in the UK's forecast figures and an acceleration in development activities in Europe, Asia and North America. In addition, its overview also took price volatility caused by the invasion in Ukraine and the fossil fuel market into account. There will be a global installed floating wind capacity of 18.9 GW by 2030, of which 11 GW will be in Europe (60%), 5.5 GW in Asia (30%) and the rest in North America (10%). [1]

Ocean Energy Europe predicts that there will be a global installed wave energy capacity of 500 MW by 2030. More than 90% of the world's wave energy (450 MW) could be installed in Europe over the next decade, which illustrates Europe's strong position globally in terms of this energy source. [2]

Nationally

The roadmap for developing offshore wind and marine energy in Spain, approved in December 2021, sets out the following ranges as targets for developing offshore renewable energy in Spain by 2030: