offshore wind economics

Explainer: Offshore wind and floating wind technology reshaping global energy markets

Global offshore wind capacity reached 75 GW in 2024 with 380 GW in development pipelines, while floating wind — currently at just 250 MW installed — unlocks 80% of ocean wind resources in waters deeper than 60 meters. This explainer covers fixed-bottom vs floating foundations, turbine scaling to 15+ MW, and the economics driving $100+ billion in planned investment.