Offshore wind power is set to become a main industrial engine of the energy transition, with the global fleet forecast to grow ten-fold in the coming decade as the total market capital spend explodes to reach $1trn, according to the latest figures from Wood Mackenzie.
The analyst group expects 24 countries to have at least one 100MW-plus offshore wind farm by 2031, up from nine today, representing some 330GW, compared to the 34GW operational in 2020.
