POWER Magazine•15 days ago
Offshore Wind Industry Posts Record Growth Amid U.S. Policy Setbacks
- •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.
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