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Survey: 72% Doubt Offshore Wind Growth by 2030

5/22/2025

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Summary

Wind Developers' Concerns

A recent survey by Westwood Global Energy Group uncovers a troubling trend in floating offshore wind confidence, with 72% of stakeholders predicting under 3GW capacity by 2030. Concerns over delivery delays, investment risks, and policy hurdles have dampened developer optimism, with 63% feeling less hopeful than in 2024. Despite this, the UK continues to lead the market.

Summary

Equinor Resumes Construction

Construction on Equinor's Empire Wind project off New York is back on track after the Trump administration lifted the stop-work order. This pivotal decision, reached through negotiations with state officials, promises to generate jobs and deliver clean energy to over 500,000 homes. With more than 30% of the project completed, it’s set to power up by 2027.

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Wind Developers' Concerns

A recent survey by Westwood Global Energy Group uncovers a troubling trend in floating offshore wind confidence, with 72% of stakeholders predicting under 3GW capacity by 2030. Concerns over delivery delays, investment risks, and policy hurdles have dampened developer optimism, with 63% feeling less hopeful than in 2024. Despite this, the UK continues to lead the market.

1 / 2