Offshore Wind Contract Awards Fall to 11.4 GW in 2025 as Developers Exit Projects
New offshore wind contract awards collapsed to 11.4 GW in 2025 from 56 GW the year before, according to the Global Wind Energy Council, as cited by Mongabay.
Grid connections told a different story. Mongabay reported that 9.3 GW of offshore wind capacity came online globally in 2025. China accounted for 6.6 GW of that total, while European countries added around 3 GW, per the same report.
The pipeline thinned as developers walked away from committed projects. Ørsted canceled the 2.4 GW Hornsea 4 project in the UK in May 2025, citing an increase of supply chain costs, higher interest rates, and an increase in the risk to construct and operate, according to Mongabay. The project would have ranked among the largest offshore wind farms in the world.
TotalEnergies followed a year later. In May 2026 the company pulled out of offshore wind plans in Germany, with two major projects totaling 3 GW, citing rising construction costs and grid connection delays, Mongabay reported.
Policy has removed capacity as well. The Trump administration has spent USD 2.6 billion buying back leases for offshore wind projects to ensure they do not proceed, according to Mongabay.
Where fleets are already built, the output is material. Mongabay reported that offshore wind supplied nearly 20% of the electricity the United Kingdom generated in 2025, with around 3,000 turbines producing enough power for approximately 15.5 million homes.
Turbine scale continues to climb. Mingyang Smart Energy unveiled a 50 MW configuration pairing two 25 MW turbines on a single floating platform, according to Mongabay. Floating designs extend siting options beyond the shallow water depths that fixed-bottom foundations require.
The gap between the 11.4 GW awarded and the 9.3 GW connected leaves little cushion for the years when today's contracted projects would have reached commissioning.
Source: news.mongabay.com (opens in a new tab)1 sourcePermalink