Offshore Wind Industry Posts Record Growth Amid U.S. Policy Setbacks
Key Takeaway
While the global offshore wind industry is experiencing record growth and maturation, U.S. policy instability and macroeconomic challenges present significant risks for domestic project development and energy procurement strategies.
AI Summary
- •Global offshore wind capacity reached 83 GW, with 56 GW awarded in competitive auctions during 2024-2025, indicating rapid global expansion and technological maturation.
- •The U.S. offshore wind market faces significant threats from policy reversals and macroeconomic headwinds, potentially slowing domestic development momentum.
- •Record-breaking turbines and auction volumes globally highlight a strong project pipeline and continued investment in the sector outside the U.S.
Topics
Article Content
Record capacity, record auctions, and record-breaking turbines mark a maturing industry, but U.S. policy reversals and macroeconomic headwinds threaten to slow momentum. The global offshore wind industry achieved significant milestones in 2024 and early 2025, with installed capacity surpassing 83 GW and a record-breaking 56 GW awarded in competitive auctions worldwide. Yet, this momentum faces […] The post Offshore Wind Industry Posts Record Growth Amid U.S. Policy Setbacks appeared first on POWER Magazine .