Offshore wind corresponds to 10% of green electricity generation and it grows at a yearly rate of 25%. Installed capacity has grown 10-fold between 2010 and 2020 (3,5 to 35GW) and is expected further growing to 300GW by 2040. Moreover, the offshore wind market is expected to grow between 2019 and 2027 from USD 36.07 Bn in 2019 to USD 87.5 Bn by 2026 (at an CAGR of 13.5%).

This presentation presents the challenges, methods and solutions to offshore wind operations.

We greeted the offshore wind market in the middle of 2023 with much enthusiasm, but headwinds had taken over the stage for the past year. The same inflationary pressure, high interest rates and supply chain bottlenecks that we said are impeding on the near-term prospects of offshore wind last year have manifested themselves in actual cancellations and project delays. Offshore wind developers have taken a pause to review the viability of projects, especially those planned prior to the pandemic.

Download our report to view the overall outlook for the offshore wind market

Have a read on the industry outlook for Offshore Wind by IHSMarkit

In this latest report on the Offshore Wind Industry, we spoke to 3 industry experts on the current market outlook, investment opportunities, future plans and biggest obstacles.

Download this report to learn more from these experts:

• Harrison Waugh, Project Manager Offshore Wind, TotalEnergies
• Christopher Rowland, Offshore Wind Professional
• Marie-Louise Piil Christensen, Director of Global Offshore Wind, Orsted

Check out our Sponsorship & Exhibition Guide where we tailor a best fitting package for you to be at the fore-front of the global offshore wind & energy industry leaders.

The global offshore wind industry is experiencing rapid growth, driven by increasing energy demand, climate change concerns, and supportive government policies. With a global installed capacity of over 120 GW, the sector is poised to play a pivotal role in the energy transition. Significant investments totalling approximately USD 150 billion in 2022 have fuelled the development of large-scale offshore wind farms. Technological advancements have led to a 35% reduction in the levelised cost of energy (LCOE) over the past decade, making offshore wind increasingly competitive.

Now is the time for you to take advantage of the growing sustainable energy industry!