The global offshore wind supply chain will require USD 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to the global research and consultancy group Wood Mackenzie.
The figure is based on Wood Mackenzie’s base case outlook which forecasts annual capacity additions of 30 GW by 2030 but is stunted by policymakers’ offshore wind targets, which call for nearly 80 GW per year and over USD 100 billion in investment.