Most offshore wind farms employ fixed-foundation wind turbines in relatively shallow water. Floating wind turbines for deeper waters are in an earlier phase of development and deployment. As of 2022, the total worldwide offshore wind power nameplate capacity was 64.3 gigawatt (GW). [3] Contact online >>
Most offshore wind farms employ fixed-foundation wind turbines in relatively shallow water. Floating wind turbines for deeper waters are in an earlier phase of development and deployment. As of 2022, the total worldwide offshore wind power nameplate capacity was 64.3 gigawatt (GW). [3]
Globally installed offshore wind capacity reached 67.4 GW by the end of 2023, almost 47% of which is now installed in China. The average size of a newly added offshore wind farm in 2023 was 392 MW com-pared to 225 MW in 2022. Worldwide, 282 offshore wind farms are currently in operation, 158 of which are in Asia, 122 in Europe and 2 in the USA.
• The planning targets total 115,130 MW of offshore wind capacity by 2050. The mandated procurement totals 45,730 MW of offshore wind capacity by 2040. • As of May 31, 2024, 15 offtake agreements have been signed, which are associated with 12,378 MW of contracted capacity. State Planning Goals, Mandated State Procurements, and Offtake
The global leaders in offshore wind such as China, Germany and the UK are committed to strong growth, data from the International Energy Agency shows. China expects to add an average of 2.8 gigawatts of offshore wind power annually for the next three years.
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Offshore wind is poised for truly global growth after 2023 saw the second-highest annual installations as well as key policy developments that set the foundations for accelerated expansion of the industry over the next decade.
The real growth story is found behind the numbers, however. We are in an important moment in the history of offshore wind where the technology has proven itself as a maturing, competitive, globally diverse and scalable industry.
2023 was the second best year ever for the global offshore wind industry.
New capacity increased 24% on the previous year, a growth rate the Global Wind Energy Council expects to see continue up to 2030, if the present increase in policy momentum continues.
The next wave of offshore wind markets has arrived as governments across Asia-Pacific, Latin America and Europe are embracing offshore wind as a solution to providing clean, affordable power to their people and industries
“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
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Readers Note: To see the latest Offshore Wind Market Report, view the Offshore Wind Market Report: 2023 Edition.
The 2022 edition of the Offshore Wind Market Report provides offshore wind policymakers, regulators, developers, researchers, engineers, financiers, supply chain participants, and other stakeholders with up-to-date quantitative information about the offshore wind market, technology, and cost trends in the United States and worldwide.
The report covers the global offshore wind industry for the 2021 calendar year and the most significant U.S. domestic industry progress and events from January 1, 2021, through May 31, 2022.
Falling offshore wind prices, state-level commitments, and an unprecedented expansion into new leasing areas drove the U.S. offshore wind pipeline to grow 13.5% over the previous year, with 40,083 megawatts (MW) now in various stages of development. The pipeline includes two projects in operation totaling 42 MW, two projects under construction totaling 932 MW, and 18 projects in the permitting phase totaling 18,581 MW. Over the last year, the Biden-Harris Administration significantly expanded areas of the country available to offshore wind development, with six new lease areas auctioned in New York Bight, two new lease areas auctioned in Carolina Long Bay, and plans to lease new areas in California, Gulf of Mexico, Central Atlantic, Oregon, and Gulf of Maine.
The estimated levelized cost of energy for commercial-scale offshore wind projects in the United States declined 13% to $84/MW-hour (MWh) on average, with a range of $61/MWh to $116/MWh.
Global offshore wind installations in 2021 had a record year for deployment with 17,398 MW of new projects commissioned, pushing global installed capacity past 50 GW. Three floating offshore wind projects came online in 2021, totaling 57.1 MW, including the largest floating offshore wind project built to date—the 50 MW Kincardine Offshore Wind Farm in Scotland. With these additions, the total global pipeline for floating offshore wind energy grew doubled in 2021 to 60,746 MW.
The industry continues its trend toward larger turbines to reduce per-megawatt project costs. The average offshore wind turbine capacity installed in 2021 was 7.4 MW, slightly down from 7.6 MW in 2020, but still significantly higher than 3.3 MW in 2011. All three major European manufacturers of offshore wind turbines are working on developing 15-MW-class wind turbines with rotor diameters spanning up to 236 meters (compared to 158-meter-average rotor diameters in 2021), with plans for commercial production between 2022 and 2024.
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