Rystad Forecasts $810bn Will Be Poured into the Offshore Wind Industry This Decade

The offshore wind industry’s global installed capacity is set to rise eight-fold, to exceed 250 gigawatts (GW) by 2030, with $810bn set to be poured into the sector between now and the end of the decade, a new Rystad Energy report suggests.

The cumulative installed capacity of global offshore wind projects climbed to 33 GW in 2020, nearly tripling in size since 2016. Rystad expects the world’s installed capacity to hit an estimated 109 GW by 2025 and rise further to 251 GW by 2030, growing by 22% a year on average…

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