2022 was a historical low for European offshore wind as not a single final investment decision was passed for a new farm at-sea, writes Danish business media Finans.

”Europe is very ambitious when it comes to wind energy roll-out, so I’m confident we will end up in the right place. But I do worry over the current pace,” says Ørsted CEO, Europe, Rasmus Errboe to Finans at the annual WindEurope event in Copenhagen.

Last year, a record-breaking 19.1GW was installed in Europe, but it nonetheless falls short of sector projections by 12%, and it is a mile off the 30GW required for the EU to reach its climate targets.

”We are at the cusp of a new era. Imagine the automobile industry a century ago. That is where we are now. In Denmark, wind energy may be a big thing, but it is still a niche industry in Europe, which has to make out the backbone of the European energy system,” says Errboe.