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POWER: Global Offshore Wind Addtions at 19GW in 2025, FIDs at 9.5GW

POWER
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The global offshore wind industry is poised for a strong rebound in 2025, with 19GW of capacity additions and 9.5GW in FIDs expected from the UK, Poland, Germany and Asia, according to Rystad Energy.

  • The resurgence is driven by lease auctions, with mainland China contributing 65% of the new capacity, surpassing previous peaks (see chart 1).
  • The UK is second at 13%, with France and Germany at 3% and 9%, respectively.
  • Poland is anticipated to account for 48% of offshore wind FIDs in 2025, with Germany and the UK at 38% and 14%, respectively (see chart 2).
  • These include Polenergia and Equinor’s Baltyk II and III and recent FIDs for Orsted and PGE’s Baltica 2 in January 2025.
  • This recovery follows a slowdown in 2024, though challenges remain for floating wind projects and lease agreement uncertainties.
  • Floating wind faces supply chain challenges, limiting growth in the short term, with estimates projecting less than 7GW by 2030.
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The global offshore wind industry is poised for a strong rebound in 2025, with 19GW of capacity additions and 9.5GW in FIDs expected from the UK, Poland, Germany and Asia, according to Rystad Energy.

  • The resurgence is driven by lease auctions, with mainland China contributing 65% of the new capacity, surpassing previous peaks (see chart 1).
  • The UK is second at 13%, with France and Germany at 3% and 9%, respectively.
  • Poland is anticipated to account for 48% of offshore wind FIDs in 2025, with Germany and the UK at 38% and 14%, respectively (see chart 2).
  • These include Polenergia and Equinor’s Baltyk II and III and recent FIDs for Orsted and PGE’s Baltica 2 in January 2025.
  • This recovery follows a slowdown in 2024, though challenges remain for floating wind projects and lease agreement uncertainties.
  • Floating wind faces supply chain challenges, limiting growth in the short term, with estimates projecting less than 7GW by 2030.
    image
    image