{"id":11735,"date":"2021-08-25T09:43:40","date_gmt":"2021-08-25T08:43:40","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=11735"},"modified":"2025-03-17T16:22:40","modified_gmt":"2025-03-17T16:22:40","slug":"global-offshore-wind-market-report-2q-2021","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/reports\/new-energies-reports\/global-offshore-wind-market-report-2q-2021","title":{"rendered":"Global Offshore Wind Market Report – 2Q 2021"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][tabbed_section style=”default” tab_change_animation=”fade” alignment=”left” spacing=”default” tab_color=”Accent-Color” vs_content_animation=”fade” vs_link_animation=”opacity” vs_navigation_alignment=”left” vs_navigation_width_2=”25%” vs_navigation_func=”default” vs_navigation_width=”regular” vs_navigation_spacing=”15px” vs_navigation_mobile_display=”visible” vs_tab_spacing=”5%”][tab icon_family=”none” title=”Report Summary” id=”1742228548257-6″ tab_id=”1742228548257-5″][vc_column_text]The Global Offshore Wind Market Report is a unique outlook on global and regional offshore wind spend and installation activity, mixed with macro overviews, auction and licensing round insights, and contract highlights. Delivered as part of all subscriptions to WindLogix,<\/strong><\/span> the market report is delivered on a quarterly basis. Read on below for a short summary of the 2Q highlights.[\/vc_column_text][vc_column_text]In the newest quarterly release of the World Offshore Wind Market Forecast, analysis showed that mainland China overtook the UK in 2Q 2021 to become the world\u2019s largest offshore wind market by installed capacity at 11.1GW (vs UK\u2019s 10.4GW), with the Asian powerhouse bringing into full commission 1.44GW of capacity over April-July 2021.<\/p>\n

The report highlights that 247MW of capacity was sanctioned this quarter and associated with the Arcadis Ost 1 <\/strong>development offshore Germany, <\/strong>with a further 5.1GW of capacity anticipated to make final commitment over 3Q-4Q 2021. Key upcoming FIDs include the Dogger Bank C, Vineyard Wind 1 and Borkum Riffgrund 3 projects.<\/p>\n

Reviewing latest project data reveals that total sanctioned offshore wind capacity this year is currently estimated at 7.4GW. Whilst paling in comparison to the 2020 equivalent of 17GW, the market is currently working through extensive backlogs with offshore construction activity in Mainland China at peak levels so as to secure expiring Federal FiTs. Of the $18.7bn projected to be awarded in 2021, approximately 60% has yet to be awarded.<\/p>\n

Westwood\u2019s report features an in-depth Capex analysis, including a component breakdown and country-specific commentary, reflecting on announced renewables obligations. Tracking the industry on a project by project basis, Westwood offers a comprehensive view on the significant opportunities for the wind supply chain over the next decade. Given the increased focus on renewables, the industry will continue to attract investment from utilities and large engineering and service contractors, as well as upstream oil and gas companies.[\/vc_column_text][\/tab][tab icon_family=”none” title=”Contents” id=”1742228548279-10″ tab_id=”1742228548279-1″]

Key Themes & Summary<\/strong>
\nReport Summary
\nQuarterly Deep Dive: Progress of 2030+ National Targets<\/p>\n

 <\/p>\n

Industry Overview<\/strong>
\nAuctions and Licensing rounds
\nCapacity Outlook and Targets
\nRecent Contract Highlights
\nTurbine OEM Market Share<\/p>\n

Market Outlook<\/strong>
\nGlobal Offshore Wind Market Outlook
\nGlobal Offshore Wind Market Outlook Floating Wind
\nProject Watch \u2013 Upcoming FIDs
\nGlobal Offshore Wind EPCI Market Outlook
\nMarket Outlook: Mainland China
\nMarket Outlook: Rest of Asia
\nMarket Outlook: UK
\nMarket Outlook: Rest of Europe
\nMarket Outlook: USA<\/p>\n

Appendices<\/strong> <\/div>[\/tab][\/tabbed_section][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”50px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” el_id=”” css=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”50″][vc_column_text]Please contact our Sales team for more information and questions regarding the report.[\/vc_column_text][nectar_btn size=”small” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”mailto:sales@westwoodenergy.com” text=”Email our sales team”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#2c293e” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”Request a sample”][vc_raw_html css=””]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[\/vc_raw_html][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

In the newest quarterly release of the World Offshore Wind Market Forecast, analysis showed that mainland China overtook the UK in 2Q 2021 to become the world\u2019s largest offshore wind market<\/p>\n","protected":false},"author":5,"featured_media":11830,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[350,430,551,690,445,319,554,318,79,335,336],"tags":[354,485,60,61,62,483,486,484,468],"class_list":{"0":"post-11735","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-division","8":"category-energy-transition","9":"category-new-energies","10":"category-new-energies-reports","11":"category-offshore-energy-services","12":"category-offshore-energy-services-reports","13":"category-offshore-wind","14":"category-reports","15":"category-research","16":"category-sectors","17":"category-subsectors","18":"tag-energy-transition","19":"tag-foundation","20":"tag-offshore-wind","21":"tag-renewable-energy","22":"tag-renewables","23":"tag-turbine-installation","24":"tag-wind-market","25":"tag-wind-turbine","26":"tag-windlogix"},"acf":[],"yoast_head":"\nGlobal Offshore Wind Market Report - 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