GWEC – Global Offshore Wind Report, 2024

The GWEC Global Offshore Wind Report for 2024 highlights the growing momentum in countries like Japan, South Korea, Australia, the Philippines, Brazil, and Colombia towards developing offshore wind industries. The report also discusses challenges faced by the offshore wind industry in the US and UK markets in 2023, due to macroeconomic headwinds and policy issues. The authors emphasize the need for a strong and collaborative framework for growth in the offshore wind sector, to achieve the ambitious target of 380 GWs of offshore wind by 2030 for a 1.5°C trajectory. The report aims to support industry and policymakers in converting global ambitions into reality and stresses the importance of bringing online projects while laying down a framework for future deployments in the 2030s. Time is of the essence, and urgent action is required to drive the success of the energy transition.