Huge cuts in Rystad offshore forecasts: Three challenges must be solved

Analyst predicts much lower offshore wind capacity by 2030 than previously expected

‘This industry has gone through sort of a race to the bottom where developers have over/underbid each other. Now we get to reboot this market. It's not necessarily a bad thing that you get a more modest entrance into auctions,’ Magnus Naevestad, partner of Rystad Energy said at the North Sea Wind conference in Kristiansand, Norway, on Wednesday.
‘This industry has gone through sort of a race to the bottom where developers have over/underbid each other. Now we get to reboot this market. It's not necessarily a bad thing that you get a more modest entrance into auctions,’ Magnus Naevestad, partner of Rystad Energy said at the North Sea Wind conference in Kristiansand, Norway, on Wednesday.Photo: Ole Petter Pedersen
Published 12 June 2025, 06:16Updated 12 June 2025, 09:14
OffshorewindRystad EnergyEurope