Global Offshore

Wind Report
2022

February 2023
2 | Global Offshore Wind Report 2022

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 Global Offshore Wind Report 2022 | 3
BloombergNEF
BloombergNEF Offshore
Offshore Wind Forecas
Wind Forecast
BloombergNEF Offshore Wind Forecast
BloombergNEF Offshore Wind Forecast
February
February 20, 202320, 202
February
February20,
20,2023
2023

BloombergNEF Content:
BloombergNEF Content:Global Offshore
Global WindWind
Offshore Forecast
Forecast
BloombergNEF
BloombergNEF Content:
Content: Global
Global Offshore
Offshore Wind
Wind Forecast
Forecast
• Global offshore wind installations are on track to grow 10-fold by 2035, reaching 519
Global
• Global
Global
offshore
offshore
offshore
wind
wind
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installations
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ontotrack
grow to growby
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• gigawatts (GW). Countries increasingly theto grow 10-fold
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key facilitator
gigawatts
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(GW).Countries
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see the wind
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existing
rise as mature existing
ones.
markets in ones.
Europe
BloombergNEF’s forecast for offshore capacity continues to rise as mature markets in Europe
BloombergNEF’s
BloombergNEF’s forecast
forecast for for offshore
offshore capacitycapacity
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plan more projects via auctions and new markets in Asia and the Americas establish asto rise
mature as mature
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plan more projects via auctions and new markets in Asia and the Americas establish
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another potential source of demand, the opportunity for offshore wind is only growing.
Global offshore
Global offshorewindwindinstallations,
installations,by
byregion
region
Global offshore wind installations, by region
GlobalAnnual
offshore
Annual wind installations,
installations
installations (GW)
(GW) by region
50installations (GW)
Annual
50 48.248.2
45.7
45.7 46.1 45.8
46.1 45.8 45.1
45.1 48.2
Annual45
50 installations (GW) 45.7 42.9 46.1
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35
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AMER
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30 27.0
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353025 27.0 27.5
25 25.1 EMEA
EMEA
APAC
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302520
20
18.4
18.4
16.7
16.7 27.0 27.5 EMEA
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2015 16.7
25 15 EMEA
15 18.4
20 10
10
16.7
10 5
15 5
5 0
0
10 0 2023
2023 2025
2025 20302030 2035 2035
Source:
Source: BloombergNEF.
2023 Note:
2025 AMER = Americas, APAC = Asia Pacific,
2030 EMEA =
BloombergNEF. Note: AMER = Americas, APAC = Asia Pacific, EMEA = Europe, the Middle East and Europe, the Middle East and
2035 Africa.
Africa.
5
Source: BloombergNEF. Note: AMER = Americas, APAC = Asia Pacific, EMEA = Europe, the Middle East and Africa.
0 •• Offshore
Offshorewind windinstallations
installations are aresetset to to
reach
reach 18.4GW
18.4GW in 2023,
in 2023, a record.
a record.Mainland
Mainland ChinaChina
2023 2025 • Offshore
will account wind forinstallations
over half of this are 2030
total.
set Six
to markets
reach will add
18.4GW in
will account for over half of this total. Six markets will add over 1GW in 2023, including
over 1GW
2023, a in 2023,
record. 2035
including
Mainland China
Source: BloombergNEF. Note: AMER Taiwan,
= which
Americas, will
APAC install=ofover 2GW of new capacity for addthe first time.
will account
Taiwan, for over
which installAsia
will half this Pacific,
2GWSix
overtotal. of EMEA
markets
new = will
capacity Europe, for the the
overfirstMiddle
1GWtime.in East2023,and Africa.
including
BNEF expects
• Taiwan, which will annual
installoffshore
over 2GW wind of newbuild to climb
capacity fortothe 45.7GW in 2030, underpinned by
first time.
• BNEF expects annual offshore wind build to climb to 45.7GW in 2030, underpinned by
•
• BNEF
Offshore
the mature
expects
wind
markets installations
of China,
annualofoffshore the are
UK,
wind
set
Germany to reach
and the 18.4GW
Netherlands. in 2023,
in Emerging
aunderpinned
record.
markets Mainland
like China
the mature markets China, the UK,build
Germanyto climb and to the45.7GW
Netherlands. 2030,
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will
the
the account
US,
mature Taiwan, forFrance,
markets over half
South
of China, ofKorea,
the this
UK, total.
Poland
Germany Sixand markets will
JapanNetherlands.
will makeaddsignificant
over 1GW in 2023,
contributions, likeincluding
the US, Taiwan, France, South Korea, Polandand andthe Japan will make Emerging significantmarkets
contributions,
and
theand Norway,
Taiwan,
US,Norway, India,
which
Taiwan,India, will
France, Spain and
install
South Greece
over 2GW will install
of new their first
capacity projects
for thelater in
first the decade.
time.
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Greece Poland and Japan
will install their first willprojects
make significant
later in thecontributions,
decade.
Post-2030,
• and Norway, more
India, newSpainmarkets
and will contribute
Greece will to build,
install their including
first projects Colombia,
later in Brazil
the and Sweden.
decade.
•• BNEF
Post-2030, expects
more annual
new markets offshore wind build
will contribute to build,to climb
including to Colombia,
45.7GW in 2030,
Brazil andunderpinned
Sweden. by
From 2031 to 2035, BNEF expects installations to average 45.6GW per year, peaking at
• Post-2030,
the
From mature more
2031 to new
markets markets
2035, BNEF of China, will
expectscontribute to
the installations
UK, Germany build, including
to andaverage Colombia,
the Netherlands. Brazil
45.6GW per year, and Sweden.
Emerging
peakingmarkets
at like
48.2GW in 2035. By 2035, annual offshore wind additions will be over four times the 2022
From 2031
48.2GW
the US, to
in 2035,
2035.
Taiwan, ByBNEF2035,
France, expects
annual
South Korea,installations
offshore wind
Poland to average
additions
and the 45.6GW
will
Japan be over per
four
willchain
make year,
times peaking
the 2022 at
significant contributions,
total. Reaching these annual volumes will mean expanding supply – including
48.2GW in 2035. By
total.Norway,
Reaching these2035, annual
annual offshore
volumes willwind
mean additions
expanding will the
be over
supply four times
chain the 2022
– including
and India, Spain and Greece will install their
manufacturing capacity, installation vessels and equipment – and addressing skills shortages first projects later in the decade.
total. Reaching
manufacturing these annual
capacity, volumes
installation will mean
vessels andexpanding
equipment the – supply
and chain
addressing – including
skills shortages
among
Post-2030,
• manufacturingworkers. moreDistributing
new supply chain
markets resources effectively
will contribute to build, between regions
including Colombia,will beBrazil and Sweden
among capacity,
workers. installation
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chain and equipment
resources – and
effectively addressing
between skills will
regions shortages
be
integral to the globalization of the industry. The offshore wind sector must strike a balance
From
among
integral 2031
to thetoDistributing
workers. 2035, BNEF
globalization supply
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chain
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resources
The effectively
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regions
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balance
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48.2GW
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these content
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chain and
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• By 2035, 22 markets are set to reach cumulative installations exceeding 1GW, up from
keeping costs down.
manufacturing capacity, installation vessels andinstallations
equipment –wind
andmarket,
addressing
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• just 2035, 22 Mainland
today. markets are
China set tomaintain
will reach cumulative
its lead as the top offshoreexceeding 1GW, upskills
followed from shortage
• By by 2035,
among
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whichwill supply
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lead installations
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today. exceeding
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regions
followed will be
BloombergNEF
just six today. Mainland China will maintain its lead as the
integral to the globalization of the industry. The offshore wind sector must strike a balance
by the UK and then the US, which has installed just 42MW top offshore
today. wind market, followed
BloombergNEF
by the UK and then the US, which has installed just 42MW today.
BloombergNEF between satisfying local content requirements while maintaining supply chain resilience and
keeping costs down.
No portion of this document may be reproduced, scanned into an electronic system, distributed, publicly
displayed or used as the basis of derivative works without the prior written consent of Bloomberg Finance
L.P. Bymore
•No portion
For 2035, 22 markets
of information
this document may be
on terms areplease
set contact
of reproduced,
use, to reach
scanned into cumulative installations
an electronic system,
[email protected]. distributed,
Copyright exceeding 1GW, up from
andpublicly
© Bloomberg Finance L.P.2023 displayed
NoDisclaimer or used
notice onas the2basis
page applies of reproduced,
derivative
throughout.works without the prior writtensystem,
consentdistributed,
of Bloomberg Finance
L.P. just sixastoday. Mainland China will maintain its lead as theCopyright
top Finance
offshore wind market, followed
portion of this document may be scanned into an electronic publicly
displayedFor
or more
used information
the basisonof terms of use,
derivative please
works contact
without [email protected].
the prior written consent of Bloomberg and
© Bloomberg Finance L.P.2023 L.P.Disclaimer
Forby notice on page
on 2 applies throughout.
BloombergNEF
morethe UK and
information then
terms the
of use, US, which
please contacthas installed just 42MW
[email protected]. today.
Copyright and
© Bloomberg Finance L.P.2023 Disclaimer notice on page 2 applies throughout.
4 | Global Offshore Wind Report 2022

Global offshore wind growth

More than 70 % of new global offshore
wind capacity added in China

Annually added offshore wind capacity

MW

20,000

18,000

16,000 15,666

14,000

12,000

10,000 9,433

8,000

6,000 5,079 5,194 5,206

4,216
4,000 3,668

2,042
2,000 1,043 1,254

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

• A total of 9.4 GW of global offshore • New capacity in 2022 was lower • The average size of a newly
wind capacity was added 1 during than 2021 (due to expiration added offshore wind farm during
2022, again mainly driven by of Chinese feed-in tariff) but 2022 was 225 MW compared
strong growth in China (6.8 GW) higher than 2020 to 296 MW during 2021

1
In operation: all turbines installed and first power

9.4 GW
Globally added offshore wind capacity in 2022
 Global Offshore Wind Report 2022 | 5

In detail: Global offshore wind farms put into operation in 2022

No Wind Farm MW Units MW/Unit Turbine Location

1 PivotBuoy PLOCAN (floating) 0.2 1 0.2 Vestas V29 ES

2 CSSC Fuyao demo (floating) 6 1 6.2 - CN
3 Yeonggwang Baeksu 8 1 8 DS205-8 MW SK
4 Taranto 30 10 3 MySE 3.0-135 IT
5 Pingtan Strait Gongtie Bridge Lighting Project 34 5 6.7 GW154-6.7 MW CN
6 Pudong New District Donghai Bridge Project 46 7 6.5 W6.5F-185 CN
7 Tra Vinh V1-1 48 12 4 GW155-4.5 MW VT
8 Tra Vinh V1-2 48 12 4 GW155-4.5 MW VT
9 Tra Vinh V1-3 48 12 4 GW155-4.5 MW VT
10 Jiangjiasha 50 15 3.3 GW 155-3.3 MW CN
11 Akita Port 56 13 4.2 V117 - 4.2 MW JP
12 Tan Thuan 75 18 4.2 SG 5.0-145 VT
13 Hiep Thanh 78 18 4.3 SG 5.0-145 VT
14 Zhuhai Guishan Hai Demonstration 2 83 12 7 DEW-D7000-186, MySE6.45-180 CN
15 Noshiro Port 84 20 4.2 V117 - 4.2 MW JP
16 CSIC Jiangsu Rudong H3-2 100 20 5 H151-5 MW CN
17 Huadian Yuhuan 1 South 146 20 7 DEW-D7000-186 CN
18 Huadian Yuhuan 1 North 154 22 7 DEW-D7000-186 CN
19 Fujian Pingtan Datang Changjiangao 185 37 5 MySE5.0-133 CN
20 Rudong H15 200 40 5 H171-5.0 MW CN
21 Changle Area C 1 200 20 10 DEW-D10000-185 CN
22 Longyuan Putian Nanri Island I 1 204 51 4 SWT-4.0-130 CN
23 Xinliao 206 32 6.45 MySE6.45-180 CN
24 Dafeng H5 206 32 6.45 GW184-6.45 MW CN
 25 CGN Pingtan Island 240 60 4 SWT-4.0-130, MySE5.5-155 CN
26 Guodian Xiangshan 1 1 254 41 6.2 H171-6.2 MW CN
27 Fuqing Xinghua Bay 2 288 46 6.7 GW154-6.7 MW, DEW-G5000-140 CN
28 Mingyang Yangjiang Shapa 300 46 6.45 MySE6.45-180 CN
29 Zhanjiang Xuwen-South 300 47 6.45 GW171-6.45 MW CN
30 Yuedian Yangjiang Shapa 300 47 6.45 MySE6.45-180 CN
31 Zhejiang Jiaxing 2 300 50 6 SWT-6.0-154 CN
32 Rudong H5 300 75 4 SWT-4.0-146 CN
33 Dafeng H6 300 47 6.45 GW184-6.45 MW CN
34 Longyuan Jiangsu Dafeng H4 302 47 6.45 GW184-6.45 MW CN
 35 CTG Laizhou demo (aquaculture) 304 38 8 H220-8000 CN
36 Kaskasi 342 38 9 SG 8.0-167 DD DE
37 SPIC Rudong H7 400 100 4 SWT-4.0-146 CN
38 CGN Shanwei Jiazi II 403 62 6.45 MySE6.45-180 CN
39 Saint-Nazaire 480 80 6 GE Haliade 160-6 MW FR
40 Shenquan Phase 2 502 50 11.0/8.0 SEW11.0-208 CN
41 CGN Shanwei Jiazi I 503 78 6.45 MySE6.45-180 CN
42 Hornsea 2 1,320 165 8.4 SG 8.0-167 DD UK

Total 9,433

6 | Global Offshore Wind Report 2022

Global growth
Offshore wind capacity
getting closer to 60 GW

IN
Global offshore wind capacity in operation 2 – cumulative O P E R AT I O N

MW

60,000
57,609

50,000 48,176

40,000

32,510
30,000 27,304

22,110
20,000 17,031
12,815
11,561
10,000 6,850 7,893

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

• Globally, installed offshore wind • Globally, 42 new offshore wind • Worldwide, 257 offshore wind
capacity reached 57.6 GW by farms went into operation in China, farms 3 are currently in operation
the end of 2022, 44 % of which Vietnam, Japan, France, UK, South of which 140 are located in Asia,
(25.6 GW) is now installed in China Korea, Germany, Spain and Italy 115 in Europe and 2 in the USA

2
In operation: all turbines installed and first power
3
Wind farm: project consisting of at least two offshore wind turbines

57.6 GW
Global offshore wind capacity in operation
 Global Offshore Wind Report 2022 | 7

Top markets
France and Japan installed their first
commercial-scale offshore wind farms in 2022

IN
Global offshore wind capacity in operation4 – by country O P E R AT I O N

MW Capacity added during 2022

30,000
26,563
25,000

20,000

15,000 13,601

10,000
8,043

5,000
3,010 2,343 2,263
482 396 237 225 191 112 71 42 30 25 25 8 5
0
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• China’s growth continues with • France and Japan installed their • After zero growth in 2021, Germany
6.8 GW of newly installed capacity first large-scale offshore wind added the 342 MW Kaskasi project,
during 2022, increasing its total farms: Saint Nazaire (480 MW), increasing installed capacity to
installed capacity to 26.6 GW Akita/Noshiro Port (140 MW) more than 8 GW

4
In operation: all turbines installed and first power

6.8 GW
Offshore wind capacity added in China
8 | Global Offshore Wind Report 2022

Construction
China leads the way ahead of
the UK, Taiwan and the Netherlands

UNDER
Global offshore wind capacity under construction 5 by the end of 2022 CONSTRUCTION

MW

4,000

3,500 3,388

3,000
2,790
2,505
2,500
2,259

2,000

1,500

993
1,000

500
257
129 88
0
China UK Taiwan Netherlands France Germany Japan Norway

• China’s offshore wind sector • The UK is in second place with • The Netherlands continue to grow
continues to grow with a total 2.8 GW including two GW-scale with Hollandse Kust Noord (759 MW)
capacity of 3.4 GW currently under projects Dogger Bank A (1.2 GW) and Hollandse Kust Zuid (1.5 GW)
construction in Chinese waters and Seagreen (1.1 GW) currently under construction

5
Under construction: first offshore wind foundation installed

12.4 GW
Global offshore wind capacity under construction
 Global Offshore Wind Report 2022 | 9

In detail: Offshore wind farms under construction

No Wind Farm MW Units MW/Unit Turbine Location

1 DemoSATH (floating) 2 1 2.0 - ES

2 Goto 17 8 2.1 Hitachi 2.1 MW JP
3 Hywind Tampen (floating) 88 11 8.0 SG 8.0-167 DD NO
4 Ishikari 112 14 8.0 SG 8.0-167 DD JP
5 Rudong H13 150 30 5.0 H171-5.0MW CN
6 Longyuan Putian Nanri Island I 2 180 45 4.0 SWT-4.0-130 CN
7 CGN Huizhou I 250 40 6.5 MySE6.45-180 CN
8 Arcadis Ost 1 257 27 9.5 V174-9.5 MW DE
9 Changle Area A 300 36 10.0 DEW-D10000-185, GW175-8.0MW CN
10 Changle Area C 2 300 37 10.0 DEW-D10000-185, SG 10.0-193 DD CN
11 Fujian Putian City Flat Bay Three Zone C 308 44 7.0 SWT-7.0-154 CN
12 Formosa 2 376 47 8.0 SG 8.0-167 DD TW
13 Cangnan #1 - Phase 1 400 49 6.25/10 - CN
14 Neart na Gaoithe 450 54 8.4 SG 8.0-167 DD UK
15 Saint-Brieuc 496 62 8.0 SG 8.0-167 DD FR
16 Fécamp 497 71 7.0 SWT-7.0-154 FR
17 Guodian Xiangshan 1 2 500 41 12.0 - CN
18 Mingyang Yangjiang Qingzhou IV 500 43 11/12 MySE 11-230, MySE 12-242 CN
19 Huadian Yangjiang Qingzhou III 500 67 6.8/8.3 MySE6.8-158, MySE8.3-180 CN
20 Changfang and Xidao 589 62 9.5 V174-9.5 MW TW
21 Yunlin 640 80 8.0 SG 8.0-167 DD TW
22 Hollandse Kust Noord 759 69 11.0 SG 11.0-200 DD NL
23 Greater Changhua 1 & 2a  900 111 8.0 SG 8.0-167 DD TW
 24 Seagreen 1,140 114 10.0   V164-10 MW UK
25 Dogger Bank A 1,200 95 13.0 Haliade-X 13 MW UK
 26 Hollandse Kust Zuid 1,500 140 11.0 SG 11.0-200 DD NL

Total 12,411

1.5 GW
World’s largest offshore wind farm under construction
10 | Global Offshore Wind Report 2022

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