Dong Energy expects the global size of the booming offshore wind market by the end of 2025 to jump to around 40GW if established European markets and new markets such as Taiwan and parts of the US are added, the Danish utility said in a presentation to investors, citing industry experts.

Expecting more acreage from the US and Belgium, and adding emerging offshore markets such as Japan, China, France and Poland, Dong even sees a potential world-wide market of about 80GW, the utility said, pointing to estimates by analyst Bloomberg New Energy Finance.

Europe