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Sector: Power - Gas
Project Type: Greenfield
Project Status: Approved
Sector: Power - Onshore wind
Project Type: Greenfield
Project Status: Under construction
Region: Europe
Sector: Power - Onshore wind
Project Type: Greenfield
Project Status: Approved
Region: Australasia
Sector: Power - Battery storage
Project Type: Brownfield
Project Status: Operational
Region: Europe
Sector: Power - Transmission
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Africa
Sector: Power - Offshore wind
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Europe
Sector: Power - Onshore wind
Project Type: Greenfield
Project Status: Under construction
Region: Europe
Sector: Power - Solar
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Europe
Sector: Power - Offshore wind
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Europe
Originally Posted: 07/02/2023
Analysis from Westwood Insight shows the decline in the offshore wind energy market this year. Nevertheless, 2026 should improve with upcoming auctions providing the foundations for future growth.
Stalled site auctions, delayed final investment decisions and cancelled offtake contracts continued to weigh on the global offshore wind industry in 2025, according to the latest Global Market Overview report from TGS | 4C. While the analyst may have significantly reduced its long-term forecasts, it said there are signs that market conditions for the segment are improving on several fronts going into 2026.