13 INSIGHT | Focus On Global offshore wind installations 2020-2030 New installations GW, offshore Nuclear Other Thermal Gas CCS Renewables 7.50 2.33 2.89 12.71 5.00 3.56 3.96 9.44 21.96 6.00 4.25 4.20 10.84 25.29 3.06 2.94 6.07 CAGR* +29.3% CAGR* +29.3% 0.06 0.01 4.00 2.33 3.17 8,68 1.49 0.02 6.00 4.00 5.10 12.74 28.84 0.01 6.50 4.00 5.20 14.55 31.95 1.70 7.00 4.00 7.40 18.07 37.72 1.25 7.00 4.40 7.50 19.53 39.98 1.55 0.01 4.00 6.31 12.52 1.14 1.07 5.00 3.50 5.09 15.80 2.21 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Source: GWEC Market Intelligence, July 2021 * CAGR = Compound Growth Rate The ambitious Global Energy Interconnection plan, supported by 400 institutions, universities, banks and consulting firms that include names such as Tencent, Morgan Stanley Asia, KPMG and Accenture, is developing concepts for connecting almost the entire world to one single renewable energy grid, as illustrated to the right. R&D AT PRYSMIAN GROUP Prysmian Group and the European Investment Bank (EIB) have finalised financing of €135 million intended to support the Group’s 2021-2024 R&D plans in Europe. This financing represents approximately 50% of the investments planned in Europe up to 2024. The new projects fulfil the goals set in Prysmian’s innovation roadmap and strategy, oriented towards supporting and promoting digitalization and the energy transition. Funding will primarily go to industrial research, innovation and experimentation, and new product development. 26 R&D centres 900 professional researchers, technicians and operators OVER 5,500 patents MORE THAN €100 M allocated to R&D worldwide per year APPROXIMATELY
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