What Do the Latest Offshore Wind Numbers Reveal?
- 2,029MW of capacity was brought online in 2Q 2026, attributed to projects across Taiwan, France and Mainland China. European activity has resumed following two consecutive quarters of muted activity. Total global installed capacity stands at 92.1GW.
- The UK has allocated an initial GBP200 million (US$271 million) Clean Industry Bonus budget for offshore wind projects awarded Contracts for Difference in Allocation Round 8. Meanwhile, South Korea has announced a 10-year offshore wind roadmap targeting 55GW of auction capacity by 2035.
- A total of eight PPAs have been signed in 2Q 2026, an increase from the six agreements signed in 1Q 2026.
- 6GW of offshore wind capacity was sanctioned in 2Q 2026.
- Leasing activity remains muted. No lease capacity was awarded in 1H 2026, following 30.3GW of awards in 2025.
- By 2030, global cumulative offshore wind capacity is projected to reach up to 218GW, rising to 431GW by 2035.
Bahzad Ayoub, Manager – Offshore Wind
[email protected]
This is excerpted from Westwood’s Global Offshore Wind Quarterly Report, which is available to subscribers of WindLogix. To subscribe, please complete the form below or contact [email protected].
