The European wind sector has presented a proposal aimed at accelerating and securing the expansion of domestically produced offshore wind energy.
The initiative calls on national governments across Europe to tender for a minimum of 100GW in new offshore capacity between 2031 and 2040.
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The industry recommends the use of two-sided contracts for difference (CfDs) in upcoming tenders to reduce risk and improve investment certainty.
It also urges greater coordination between countries and a more consistent timeline for project deployment.
A steady schedule of CfD-based auctions with clear expectations around volume and returns is expected to reduce costs.
The wind industry has pledged to cut offshore wind costs by 30% by the end of the next decade under this framework.
The proposal comes in response to serious energy-related challenges currently facing Europe, including geopolitical tensions that have weaponised energy supplies.
At the same time, the region is under pressure to maintain industrial competitiveness, make electricity more affordable, and continue advancing towards decarbonisation targets.
Offshore wind, which has grown significantly and become more cost-effective over the past ten years, is viewed as a vital part of the solution. However, current investment conditions pose risks to future progress.
To satisfy rising demand, Europe will need to install 15GW of offshore wind capacity a year throughout the 2030s.
This target is increasingly uncertain due to inconsistent electrification, policy gaps, and volatile auction conditions.
To counter these issues, the industry is proposing a structured offshore wind deal for Europe.
This would include 100GW worth of CfD-backed projects, regular commissioning, and supplementary capacity supported by long-term power purchase agreements.
The sector is also calling for parallel measures to drive electrification, support the competitiveness of high-energy industries, and deliver significant improvements to grid infrastructure and funding mechanisms.
In exchange for supportive policies and long-term planning, the industry promises to mobilise private investment, achieve cost efficiencies, and generate value for both communities and the broader society.
