Europe will dominate spending on offshore wind
Offshore wind investment to surge to 2030
Growth accelerates in Asia, but Europe remains dominant market
Global spending on offshore windfarms will hit $56bn in 2021 and rise to $126bn in 2030, according to consultancy Rystad Energy. Integrated oil companies in Europe last week used their quarterly earnings reports to reiterate the importance of offshore wind in their energy transition strategies. “The colossal level of investments anticipated in the offshore wind industry this decade reflects the ambitious targets set by companies and governments alike,” says Petra Manuel, offshore wind analyst at Rystad Energy. $126bn – Projected annual spend on offshore wind by 2030 “As the market matures and economies of scale are achieved, investments could surge further, sparking even more install
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