Global Offshore Wind Expenditure Projected to Hit $80 Billion in 2025

The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19 gigawatts (GW) and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy. This recovery follows a slowdown at the end of last year, when new installations dropped to approximately 8 GW — 2 GW lower than the year prior. A record wave of lease auctions is driving the resurgence, with the world’s largest offshore wind market, Mainland China, accounting for 65% of new capacity. With this…