1、Global Offshore Wind Market Outlook Global Offshore Wind Market Outlook Feng Zhao,Head of Strategy and Market IntelligenceHaikou,China11 November 2022 To be launched on 09 September 20212021 2021-The best year for the offshore wind industryThe best year for the offshore wind industryTo be launched o
2、n 09 September 2021More ambitious targets for offshore windMore ambitious targets for offshore windIreland raised its 2030 offshore wind target to 7GW from 5 GW in July 2022 Greece passed its first offshore wind bill in August 2022 aiming at building at least 2 GW offshore wind by 2030Portugal annou
3、nced the plan in September 2022 to offer 10GW of capacity through its first offshore wind auction expected to take place in 2023Eight Baltic Sea countries signed Marienborg Declaration in Copenhagen in August 2022 to increase its offshore wind from todays 2.8GW to 19.6GW by 2030.More recordMore reco
4、rd-breaking years are expected from 2025 onwards breaking years are expected from 2025 onwards With a compound average annual growth rate of 6.3%until 2026 and 13.9%up to the beginning of next decade,new installations are expected to more than double from 21.1 GW in 2021 to 54.9 GW in 2031,bringing
5、its share of global new installations from 23%to 32%by 2031;Over 315 GW of new offshore wind capacity will be added over the next decade(2022-2031),bringing total offshore wind capacity to 370 GW by the end of 2031-close to GWEC/IRENAs target of 380 GW by 2030 for a net zero pathway.The market will
6、become more diversified in the second half of next decadeThe market will become more diversified in the second half of next decadeOf the 315 GW of new capacity expected to be built in 2022-2031,88%will come from Europe(44.7%)and Asia(43.3%),followed by North America(10.1%),Pacific(1%)and LATAM(0.9%)