Global offshore champion Orsted is considering raising its build-out target for wind at sea in the wake of its $510m acquisition of US developer Deepwater Wind, and a general expectation of a speeding up of global renewables expansion after the latest dramatic report by the Intergovernmental Panel on Climate Change (IPCC).

The Danish utility currently aims to reach a total offshore wind capacity of 11-12GW by 2025, with a focus on building 5GW in the 2020-25 period.