Offshore wind is a rapidly maturing renewable energy technology that is poised to play an important role in future energy systems. In 2018, offshore wind provided a tiny fraction of global electricity supply, but it is set to expand strongly in the coming decades into a $1 trillion business. Turbines are growing in size and in terms of the power capacity they can provide, which in turn is delivering major performance and cost improvements for offshore wind farms.
The new World Energy Outlook special report provides a comprehensive analysis of the global outlook for offshore wind, its contributions to electricity systems and its role in clean energy transitions. The IEA report can be downloaded here.