Global offshore wind pipeline October 2024

RenewableUK EnergyPulse report - October 2024

Executive summary 

As of the date of publication, the global operational offshore wind capacity stands at 77.4GW with a further 24.5GW undergoing offshore construction – an increase of 2.4GW since the last update in June. China makes up nearly half of global operational capacity with 38GW, followed by the UK with 14.7GW. 

In the UK, the report explores offshore wind ownership, forecasts, and offshore transmission owners (OFTOs), as well as ownership of CfD-awarded capacity and the capacity eligible for upcoming auction rounds.  

Globally, the report details past and future offshore wind deployment, where global offshore wind capacity could reach 264GW by the end of 2030. There are also separate forecasts for the 4.3GW of floating offshore wind expected globally by 2030.  

The report also features the share by contractor and country of major project components required by 2030, as well as detailing the number of components yet to be contracted to achieve the 2030 capacity - including foundations, turbines, cables, and offshore substations.

This EnergyPulse report represents a snapshot of the interactive and daily- updated RenewableUK EnergyPulse database, available to RenewableUK members for free. Within the database, discover comprehensive and accurate renewable energy data, forecasts, and dashboards for offshore wind globally, as well as find out who is contracting with who.  

Non-members of RenewableUK can also purchase this report via the store.