{"id":16970,"date":"2025-04-30T09:00:00","date_gmt":"2025-04-30T08:00:00","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=16970"},"modified":"2025-05-08T12:16:50","modified_gmt":"2025-05-08T11:16:50","slug":"offshore-wind-in-numbers","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/news\/infographics\/offshore-wind-in-numbers","title":{"rendered":"Offshore Wind in Numbers"},"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; advanced_gradient_angle=&#8221;0&#8243; 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; gradient_type=&#8221;default&#8221; shape_type=&#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;][image_with_animation image_url=&#8221;17639&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]\n<ul>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\"><strong>1.9GW<\/strong> of capacity was brought online in 1Q 2025, with this capacity coming from Mainland China, Taiwan, South Korea and Germany.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\">Total global installed capacity stands at <strong>83.9GW<\/strong> and forecasted total installed capacity in 2030 is 256.9GW.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\">Commercial activity in 1Q has remained stable in terms of PPAs and project capacity transactions. A total of <strong>five PPAs<\/strong> were signed this quarter, resulting in a reduction of one PPA in comparison to 4Q 2024. Announced project transaction capacity was almost level to the previous quarter.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\">1Q PPAs account for at least <strong>500MW<\/strong> of offshore wind capacity. Companies that have signed offtake agreements include LyondellBasell, Air Liquide, Far EasTone Telecommunications, Telehouse International Corporation and MediaTek.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\">An estimated <strong>7.1GW<\/strong> of offshore wind capacity was sanctioned in 1Q 2025 and this was attributed to 13 wind farms.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\">A total of <strong>15.6GW<\/strong> of offshore wind lease capacity has been awarded in 1Q 2025, with the bulk of this coming from Mainland China.<\/div>\n<\/li>\n<\/ul>\n[\/vc_column_text][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]<strong>Bahzad Ayoub,<\/strong> <em>Manager &#8211; Offshore Wind<\/em><br \/>\n<a href=\"mailto:bayoub@westwoodenergy.com\">bayoub@westwoodenergy.com<\/a>[\/vc_column_text][vc_column_text]This is excerpted from Westwood&#8217;s <strong>Global Offshore Wind Quarterly Report<\/strong>, which is available to subscribers of WindLogix. For more information and purchase options, please contact <a href=\"mailto:sales@westwoodenergy.com\">sales@westwoodenergy.com<\/a>.[\/vc_column_text][divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;accent-color&#8221; custom_height=&#8221;60&#8243;][\/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; 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; advanced_gradient_angle=&#8221;0&#8243; 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; gradient_type=&#8221;default&#8221; shape_type=&#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;][image_with_animation image_url=&#8221;17209&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]\n<ul>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\"><strong>3.3GW<\/strong> of capacity was brought online in 4Q 2024, with this capacity coming from projects in Mainland China and Taiwan.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\">Total global installed capacity stands at<strong> 81.2GW<\/strong> and forecasted total installed capacity in 2030 is<strong> 281.3GW<\/strong>.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\">Commercial activity in 4Q has shown mixed results in terms of PPAs and project capacity transactions. While the number of PPAs signed this quarter exceeded those in 3Q, the announced project transaction capacity was comparatively lower. A total of <strong>six PPAs<\/strong> have been signed and these account for at least <strong>1.7GW<\/strong> of offshore wind capacity. <strong>5GW<\/strong> of offshore wind project transaction announcements have also occurred in 4Q 2024.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\">An estimated <strong>7.0GW<\/strong> of offshore wind capacity was sanctioned in 4Q 2024 and this was attributed to 14 wind farms.<\/div>\n<\/li>\n<li data-ogsc=\"black\">\n<div data-ogsc=\"\"><strong>10.8GW<\/strong> of lease capacity was awarded, <strong>41% less<\/strong> than the amount awarded in 3Q 2024. Although awarded leasing capacity has reduced on a quarterly basis, 2024 accounted for the highest amount of awarded global offshore wind lease capacity to date with <strong>69.0GW<\/strong> of capacity being awarded.<\/div>\n<\/li>\n<\/ul>\n[\/vc_column_text][divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;accent-color&#8221; custom_height=&#8221;60&#8243;][\/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; 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; advanced_gradient_angle=&#8221;0&#8243; 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; gradient_type=&#8221;default&#8221; shape_type=&#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;][image_with_animation image_url=&#8221;16980&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][vc_column_text]\n<ul>\n<li>Total global installed offshore wind capacity stands at <strong>77.0GW<\/strong> and is forecast to reach 296.4GW by 2030.<\/li>\n<li><strong>2.36GW<\/strong> of capacity was brought online, with almost all coming from Mainland China.<\/li>\n<li><strong>2.2GW<\/strong> of capacity was sanctioned and attributed to six wind farms. This is a 60% drop compared to 2Q\u2019s 5.5GW, which attributed to 11 projects.<\/li>\n<li><strong>18.4GW<\/strong> of lease capacity was awarded, 46% less than the amount awarded in 2Q24.<\/li>\n<li>Commercial activity in 3Q24 was higher than the previous quarter, both in terms of PPAs and project capacity transaction announcements. <strong>Five PPAs<\/strong> were signed and account for 653.7MW of capacity, while <strong>5.36GW<\/strong> of offshore wind project transactions were announced.<\/li>\n<\/ul>\n[\/vc_column_text][divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;accent-color&#8221; custom_height=&#8221;60&#8243;][\/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;#ecb54f&#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; id=&#8221;form&#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; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;padding-3-percent&#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; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][nectar_animated_title heading_tag=&#8221;h6&#8243; style=&#8221;color-strip-reveal&#8221; color=&#8221;Accent-Color&#8221; text=&#8221;Request more information on our offshore wind solutions&#8221;][vc_raw_html css=&#8221;&#8221;]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[\/vc_raw_html][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[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; advanced_gradient_angle=&#8221;0&#8243; overlay_strength=&#8221;0.3&#8243;&#8230;<\/p>\n","protected":false},"author":6,"featured_media":16936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[670,430,39,551,554,457],"tags":[],"class_list":{"0":"post-16970","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bahzad-ayoub","8":"category-energy-transition","9":"category-infographics","10":"category-new-energies","11":"category-offshore-wind","12":"category-windlogix"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - 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