Ørsted joins Global Offshore Wind Alliance to help governments reach full potential of offshore wind
GOWA is a new global organisation that brings together governments, the private sector, international organisations, and other stakeholders to accelerate the deployment of offshore wind power. The alliance was launched last year at COP27 by the International Renewable Energy Agency (IRENA), the Global Wind Energy Council (GWEC), and the Danish government.
Mads Nipper, Group President and CEO of Ørsted, says: “GOWA holds magnificent potential because it enables countries and governments to share learnings and best practices within offshore wind and thereby save valuable time by speeding up the much-needed global build-out of offshore wind. At Ørsted, we’re happy and proud to join GOWA to share our expertise and help governments build offshore wind faster, while also unlocking its many benefits to the climate, nature, and local communities.”
He continues: “Today, it often takes longer to plan than to build an offshore wind farm. Governments and the private sector must collaborate to create an enabling regulatory environment and streamline permitting processes. Through GOWA, we can fast-track offshore wind deployment and help emerging markets off to a good start. I encourage our industry peers to also join GOWA and share their learnings.”
GOWA member countries include Australia, Belgium, Colombia, Denmark, Germany, Ireland, Japan, the Netherlands, Norway, Portugal, Spain, Saint Lucia, the UK, and the US, and more countries are expected to sign up.
Offshore wind’s unfulfilled potential
According to forecasts by the IEA and IRENA, 2,000 GW of installed offshore wind capacity will be needed by 2050 to keep the 1.5 °C scenario within reach and achieve net-zero by 2050. According to a World Bank analysis based on The Global Wind Atlas, more than 71,000 GW of technically extractable offshore wind resources have been identified worldwide. Nonetheless, global installed offshore wind capacity was only 57 GW in 2021.
By joining GOWA, Ørsted seeks to share knowledge and best practice to help meet the alliance’s ambition of seeing at least 380 GW offshore wind capacity built by 2030 and an installed capacity increase of at least 70 GW per year from 2030.
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The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's revenue was DKK 132.3 billion (EUR 17.8 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.