“2023 was a turbulent year for the offshore wind industry on both sides of the Atlantic Ocean. Challenges such as inflation, increased capital costs, and supply chain constraints created uncertainty in the sector… Despite the headwinds experienced in 2023, governments and developers remain committed to developing offshore wind and the global offshore wind market outlook in the medium term remains resolutely promising.
“Annual offshore wind installations are expected to triple in 2028 from 10.8 GW in 2023. By 2033, they are expected to reach 66 GW, bringing the offshore share of new wind power installations from today’s 9% to at least 25%. ” Feng Zhao, Chief Intelligence Officer, GWEC
