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The global offshore wind market will almost double installed capacity to 34 GW by 2020, according to the latest forecast by Bloomberg New Energy Finance (BNEF).

  • North Sea states to have over 30 GW installed by 2023
  • China emerges as new market overtaking UK/Germany by 2022
  • BNEF forecasts global offshore at 71 GW by 2025

Between 2017 and 2025 the offshore wind market is forecast to grow at a 19% compound annual growth rate, reaching cumulative capacity of 71 GW in 2025, BNEF wind analyst Keegan Kruger said in the report.

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