Billion dollar investment needed to mobilise global offshore wind supply chain

Wind Industry Profile of

Investment required by 2026 if sector is to meet forecasted 5-fold growth in annual installations by 2030, with greater sum of US$100 billion needed to hit global government targets by the end of the decade

The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources. This figure is based on Wood Mackenzie’s base case outlook which forecasts annual capacity additions to hit 30 gigawatts (GW) by 2030, but is dwarfed by policymakers’ offshore wind targets, which would require nearly 80 GW per year. To hit this goal... ... More: Official Press Release Wood Mackenzie

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Wood Mackenzie, offshore, investment, clean energy, supply chain, installation, GW, global, target, government, outlook, China, Horizons