Global Offshore Wind Market Report 2025

Highlights
Global operational offshore wind capacity reached 41.9 GW, with 63.9 GW having a secured route to market and a total portfolio near 1,380 GW. The UK, USA, and Germany dominate the most advanced projects, while global floating wind capacity exceeded 2.4 GW, led by France, South Korea, and the UK. Over 2 GW of floating capacity secured a route to market in the past year, including South Korea’s first auction-awarded project, Firefly.

Key Operational Milestones
Recent additions include Vesterhav Nord (Denmark), Gode Wind 3 (Germany), Moray West (UK), Provence Grand Large (France), Zhongneng and Yunlin (Taiwan), and Jeju Hallim and Jeonnam 1 (South Korea).

Auctions & Market Trends
Auction outcomes were mixed, with many mature markets facing high costs, supply chain issues, and reduced investor appetite. Notable awards: UK (3 GW floating Celtic Sea, 5+ GW CfD AR6), France (500 MW AO6), and Germany (6.5 GW). Some tenders, including Belgium’s Nordhinder Nord, were delayed or cancelled. APAC markets saw strong activity, including Taiwan’s 2.7 GW, South Korea’s 1.9 GW, and Japan’s 1.06 GW awards.

Emerging Markets
First auctions launched in Norway (Sørlige Nordsjø II), Australia (28+ GW feasibility licences), and Colombia (planned for late 2025). The Philippines is preparing its first offtake auction.

Policy Shifts
Donald Trump’s election in the US brought a pause and review of federal wind projects, creating uncertainty. In contrast, Spain, Brazil, South Korea, and Vietnam introduced new regulatory frameworks to accelerate offshore wind.

Outlook to 2035 (excl. China)
Global operational capacity could reach 275 GW, with 190 GW in EMEA, 25 GW in the Americas, and 52 GW in APAC. Growth will accelerate from 2029 onwards as large-scale projects move into construction.