The mushrooming offshore wind market is providing a strong updraft to the wider industry build-out around the world, with consultancy MAKE upgrading its global outlook in Q2 by 10.8GW in expectation of a compound annual growth rate (CAGR) of 3.7% over the next ten years, taking total installed capacity to 1,067GW .
MAKE’s Global Wind Power Market Outlook Update forecasts 66GW of offshore wind plant will come online over the next decade with a CAGR of 17.3%,
