Energy consultancy Westwood has revised down its forecast for the rollout of offshore wind, citing Orsted’s scrapping of two major US projects and other cancellations in a challenging year for the sector.
Westwood Global Energy Group now predicts global offshore wind capacity will reach 414GW by 2032, a 7.4% decrease in comparison to what it forecast early last year.
The Westwood outlook was published today (Tuesday) in a report by industry platform World Forum Offshore Wind (WFO).
