IEA cuts outlook for 5-year global growth in offshore wind power

The International Energy Agency cut its five-year prediction for global offshore wind power generation by more than a quarter, citing policy shifts in the United States, as well as project cancellations in Japan and elsewhere.The expansion in offshore wind capacity is estimated to reach 140 gigawatts over the five-year period through 2030, down 27 percent from last year's forecast, according to the IEA's main annual report on renewable energy released earlier this month.In its "Renewables 2025" report, the Paris-based body said it factored in "project cancellations and delays in Europe, Jap…READ FULL ARTICLE