Yale Environment 350 reports that global investment in offshore wind more than quadrupled in the first half of 2020, with financing approved for 28 new offshore wind projects totaling $35 billion. According to a new report from Bloomberg NEF titled ” Colossal Six Months for Offshore Wind Support Renewable Energy Investment in First Half of 2020,” global investment in new renewable energy capacity (excluding large hydroelectric projects) reached $132 billion in the first half of 2020, a 5 percent increase over the same period last year. Onshore wind investment dropped 21 percent, and solar fell 12 percent, largely due to coronavirus-driven supply chain shutdowns and financial uncertainty.
