Wednesday 26 November 2014, AmsterdamHuge Offshore Wind Power Plans are Expected to Boost Capacity to 39 GW by 2020 Offshore wind power has the potential to become a major source of energy and, with a significant number of large projects in the construction and planning stages, is expected to register substantial growth between 2014 and 2020. The UK government has announced tenders for 32.2 Gigawatts (GW) of offshore wind power, scheduled for completion by 2020, and the US envisions the production of around 54 GW of electricity from offshore wind, a target to be achieved by 2030. China produced 428.6 Megawatts (MW) from offshore wind in 2013 and under its 12th Five-Year Plan (2011–2015) announced targets of 5 GW by 2015 and 30 GW by 2020. Other European countries such as Germany, Denmark and Belgium also have offshore projects under construction. As an increasing number of countries exploit offshore wind potential during the 2014–2020 forecast period, capacity is expected to increase from 7.1 GW in 2013 to 38.9 GW by 2020 at a Compound Annual Growth Rate (CAGR) of 27%.