Research shows that as the energy transition continues, global offshore wind investment grows rapidly by 2030, with total investment expected to rise from $46 billion in 2021 to $102 billion in 2030.
The significant increase in European wind power capacity has driven the growth of global offshore wind investment. In 2030, Europe will spend $53 billion in this area, up from $15 billion last year. The U.S. has been slow in developing the offshore wind market, but that may change. This year, the United States plans to invest $3.3 billion in the field. In 2030, investment will rise to $15 billion.
The offshore wind industry will grow substantially by 2030, with more than 265 GW of installed capacity expected by 2030. As the world moves towards a greener energy mix, investment in the offshore wind sector will increase significantly and provide opportunities for suppliers.
More than 50 percent of developers' billions of dollars in capital expenditures will go to the two most expensive wind farms -- the fabrication and installation of turbines and foundations. The United States and Asia are ambitious for offshore wind development, with new offshore wind projects set to emerge through 2035.
The European region is a pioneer in the field of offshore wind power, with a cumulative installed capacity of more than 26 GW, accounting for more than 50% of the world's total installed capacity. By 2026, the installed wind power capacity in Europe is expected to exceed 57 GW, and Denmark's Orsted is expected to continue to be the leader in offshore wind power in the region.
More than 8,500 turbines are expected to be operational in Europe by the end of 2026.
