GWEC - Global Offshore Wind Report, 2023

The Global Offshore Wind Report, 2023 by GWEC reveals the progress made by the offshore wind industry globally. Installed offshore wind capacity reached 35.5 GW by the end of 2022, with a substantial increase of 28% compared to the previous year. This growth is attributed to new projects in China, the UK, Germany, the US, and India. The report predicts offshore wind capacity will continue to grow, reaching over 235 GW by 2030 and 550 GW by 2050. The declining levelized cost of electricity has made offshore wind increasingly competitive with conventional power sources, attracting significant investment. The report emphasizes the need for policy frameworks, collaboration, and innovation to address challenges and ensure sustainable growth. Overall, offshore wind shows significant potential in the global transition towards clean and sustainable energy sources.