Offshore wind installations, excluding China, to exceed 520GW by 2040, driven by Europe's growing reliance on floating wind.

Offshore wind installations, excluding China, are expected to exceed 520GW by 2040, driven by Europe's growing reliance on floating wind, which will account for over 70% of global installations. Europe's floating wind capacity is set to approach 90GW by 2040, with the US, Asia (excluding China), and North America experiencing significant growth. The offshore wind energy market is predicted to reach $127.8 billion by 2028 due to increasing demand for renewable energy, technological advancements, and supportive government policies.

August 22, 2024
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