Since 2021, joint public-private initiatives have been underway, including public offerings for project formation and operator selection, and amendments to laws to extend the scope of offshore wind power facility installation from territorial waters to the EEZ.
Global offshore wind capacity is projected to expand by 28% year-on-year in 2025, reaching nearly 100 GW in total capacity. Offshore Wind Power Generation Capacity by Country (Source: RenewableUK)
On the other hand, global new investment in offshore wind power in 2024 decreased by 35% year-on-year due to inflation, rising costs, and supply chain disruptions. Clarksons predicts that $79 billion will be invested globally in 2025 (with $36 billion coming from China).
China leads globally in deployment; inflation and geopolitical risks are challenges in the West. Mitsui O.S.K. Lines promotes environmental business by offering services across the offshore wind value chain. Offshore wind power is positioned as a relatively new method among various power generation techniques.
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