{"id":12132,"date":"2023-05-10T09:00:26","date_gmt":"2023-05-10T08:00:26","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=12132"},"modified":"2025-03-17T16:22:07","modified_gmt":"2025-03-17T16:22:07","slug":"global-offshore-wind-market-report-1q-2023","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/reports\/new-energies-reports\/global-offshore-wind-market-report-1q-2023","title":{"rendered":"Global Offshore Wind Market Report &#8211; 1Q 2023"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][tabbed_section style=&#8221;default&#8221; tab_change_animation=&#8221;fade&#8221; alignment=&#8221;left&#8221; spacing=&#8221;default&#8221; tab_color=&#8221;Accent-Color&#8221; vs_content_animation=&#8221;fade&#8221; vs_link_animation=&#8221;opacity&#8221; vs_navigation_alignment=&#8221;left&#8221; vs_navigation_width_2=&#8221;25%&#8221; vs_navigation_func=&#8221;default&#8221; vs_navigation_width=&#8221;regular&#8221; vs_navigation_spacing=&#8221;15px&#8221; vs_navigation_mobile_display=&#8221;visible&#8221; vs_tab_spacing=&#8221;5%&#8221;][tab icon_family=&#8221;none&#8221; title=&#8221;Report Overview&#8221; id=&#8221;1742228502663-8&#8243; tab_id=&#8221;1742228502663-2&#8243;][vc_column_text]Westwood&#8217;s <em>Global Offshore Wind Market Report<\/em> provides a comprehensive review and outlook of global and regional offshore wind spend and installation activity on a quarterly basis. The report covers the latest news on policy mechanisms, auctions and licensing rounds, capacity targets, recent EPC\/EPCI contract highlights, turbine OEM performance and a five-year regional outlook for key equipment (turbine, turbine foundations, offshore stations and cables).<\/p>\n<p>Delivered as part of a subscription to <a href=\"https:\/\/www.westwoodenergy.com\/windlogix\"><strong><u>WindLogix<\/u><\/strong><\/a><strong><u>,<\/u><\/strong> the report is intentionally structured to provide all readers, ranging from executives to business development teams, with an in-depth roundup of key events and contracting activity that has shaped the quarter. Providing further insight into upcoming project FIDs, potential contract awards and commercial trends, enables improved opportunity scouting and forward planning.<\/p>\n<p>1Q 2023 report highlights:<\/p>\n<ul>\n<li>Global installed capacity base stands at over 62.2GW with Mainland China (30.1GW) and UK (13.7GW) accounting for 48% and 22% respectively.<\/li>\n<li>An estimated 5.2GW of capacity was sanctioned this quarter, with announced FIDs including the 960MW He Dreiht project in Germany as well as Greater Changhua 2b and 4 in Taiwan.<\/li>\n<li>In 1Q, Haizea Wind Group was awarded a contract for 50 monopile turbine foundations at the East Anglia Three project in the UK. The contract is worth more than $212mn and the turbine foundations will be fabricated at Haizea&#8217;s Bilbao facility in the Port of Biscay, Spain. It is worth noting that Haziea has been increasing its market share, winning a foundation supply contract at Hornsea Project Three in 3Q 2022.<\/li>\n<li>In the tally of 2018-23 YTD turbine foundation awards, EEW Group continues to lead the pack with a total of 754 turbine foundations ordered, followed by Sif with 506 units and Jiangsu Haili is third with 406 units.<\/li>\n<\/ul>\n[\/vc_column_text][\/tab][tab icon_family=&#8221;none&#8221; title=&#8221;Report Contents&#8221; id=&#8221;1742228502689-7&#8243; tab_id=&#8221;1742228502689-0&#8243;][vc_column_text]<strong>Summary<\/strong><br \/>\nReport Summary<br \/>\nQuarterly Key Theme<\/p>\n<p><strong>Industry Overview<\/strong><br \/>\nAuctions and Licensing Rounds<br \/>\nCapacity Outlook and Targets<br \/>\nRecent EPC\/EPCI Contract Highlights<br \/>\nTurbine OEM Market Share<\/p>\n<p><strong>Market Outlook<\/strong><br \/>\nGlobal Offshore Wind Market Outlook<br \/>\nGlobal Offshore Wind Market Outlook &#8211; Floating Wind<br \/>\nProject Watch &#8211; Upcoming FIDs<br \/>\nGlobal Offshore Wind EPCI Market Outlook<br \/>\nMarket Outlook: Mainland China<br \/>\nMarket Outlook: Rest of Asia<br \/>\nMarket Outlook: UK<br \/>\nMarket Outlook: Rest of Europe<br \/>\nMarket Outlook: USA<\/p>\n<p><strong>Appendices<\/strong>[\/vc_column_text][\/tab][\/tabbed_section][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;50px&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; el_id=&#8221;&#8221; css=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][divider line_type=&#8221;No Line&#8221;][vc_column_text]Please contact our Sales team for more information and questions regarding the report.[\/vc_column_text][nectar_btn size=&#8221;small&#8221; button_style=&#8221;regular&#8221; button_color_2=&#8221;Accent-Color&#8221; icon_family=&#8221;none&#8221; url=&#8221;mailto:sales@westwoodenergy.com&#8221; text=&#8221;Email our sales team&#8221;][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;#2c293e&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; 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