Select Page

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.