GWEC: Global Offshore Wind Reaches 92.5 GW, Projected at 420 GW by 2035
Global offshore wind capacity stood at 92.5 GW at the end of 2025 and is projected to reach 420 GW by 2035, according to GWEC Market Intelligence cited by Offshore Magazine.
GWEC Market Intelligence reports that 9.3 GW of new offshore wind capacity was connected to the grid worldwide during 2025, up 16% on 2024 and making it the third-highest year on record for annual installation.
The installed base remains concentrated in two markets. China accounted for 52.3% of global installed offshore wind capacity at the end of 2025, and Europe for 41.9%, per the same reporting.
Offshore Magazine highlights movement in emerging markets. In the Philippines, the Board of Investments committed USD 18.9 billion to financing offshore wind, with a 3.3 GW target for the country's first auction.
Vietnam's government has announced plans to install 6 to 17 GW of offshore wind capacity by 2035, rising to 113.5 to 139 GW by 2050.
In Brazil, a new offshore wind legal framework was adopted in 2025, supported by the Global Wind Energy Council. The World Bank has forecast that Brazil's offshore wind sector could create more than 516,000 jobs by 2050 and contribute at least USD 178.5 billion to the Brazilian economy.
Source: offshore-mag.com (opens in a new tab)1 sourcePermalink