Offshore Wind Industry Set for a Strong Decade Ahead

Wind Industry Profile of

Wood Mackenzie highlights 4 key trends to watch in 2020 and beyond

The possibility of offshore wind becoming cheaper than coal, gas and nuclear in most major countries is a question of when rather than if. With a diverse 314GW global offshore wind portfolio to tap into and cumulative offshore wind capacity expected to increase more than seven-fold by 2028, the industry is set for a strong decade ahead. According to Wood Mackenzie figures, offshore wind will constitute 25% of total wind demand in 2028 - up from 10% in 2019 - and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment. What are the biggest trends to watch... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood Mackenzie, offshore, wind industry, decade, growth, floating, policy, market, GW