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Offshore Wind Market Surges, US Lags Behind

6/27/2025

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Offshore Wind Growth

The global offshore wind market is poised for significant growth by 2025, with 83 GW of capacity already in place and another 48 GW under construction. While Europe and China lead the charge, the US struggles with policy uncertainty and job losses, hindering its vast offshore potential. The future of renewable energy hangs in the balance.

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Canada's Gas Surge

Canada's natural gas industry is surging, fueled by the LNG Canada facility in Kitimat, opening doors for exports beyond the U.S. Analysts are spotlighting Kelt Exploration and NuVista Energy for their production growth, while CIBC's report champions Advantage Oil and Gas and Birchcliff Energy as key players poised to benefit from climbing commodity prices.

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Offshore Wind Growth

The global offshore wind market is poised for significant growth by 2025, with 83 GW of capacity already in place and another 48 GW under construction. While Europe and China lead the charge, the US struggles with policy uncertainty and job losses, hindering its vast offshore potential. The future of renewable energy hangs in the balance.

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