Offshore wind energy investment quadruples despite Covid-19 slump

Investors give greenlight to $35bn worth of projects worldwide in first half of 2020

Global offshore wind investment more than quadrupled in the first half of the year even as the coronavirus pandemic triggered an unprecedented economic shock.

A report has found that investors gave the greenlight to 28 new offshore windfarms worth a total of $35bn (28bn) this year, four times more than in the first half of 2019 and well above the total for last year as a whole.