“2023 was a turbulent yr for the offshore wind business on either side of the Atlantic Ocean. Challenges akin to inflation, elevated capital prices, and provide chain constraints created uncertainty within the sector… Regardless of the headwinds skilled in 2023, governments and builders stay dedicated to growing offshore wind and the worldwide offshore wind market outlook within the medium time period stays resolutely promising.
“Annual offshore wind installations are anticipated to triple in 2028 from 10.8 GW in 2023. By 2033, they’re anticipated to achieve 66 GW, bringing the offshore share of recent wind energy installations from in the present day’s 9% to at the least 25%. ” Feng Zhao, Chief Intelligence Officer, GWEC
