A vast untapped
THE POWER OF OCEAN WINDS
The world is moving fast towards a low-carbon future—one where clean, affordable, renewable energy powers our lives. Global electricity demand is soaring, now a £2+ trillion market and rising every year. Offshore wind holds the key to meeting this demand. The energy potential in our oceans is vast – enough to power the entire planet – yet most of it remains untapped.
DEEP-WATER OFFSHORE WIND. THE NEXT FRONTIER
Fixed-bottom wind farms have already transformed shallow waters. But deep water holds around 80% of the world’s offshore wind potential. Deep-water offshore wind isn’t just an option. It’s essential. It will play a defining role in hitting global net zero targets.
A RAPIDLY DEVELOPING MARKET
Deep-water offshore wind using floating technology is scaling up fast, with a projected 33% annual growth rate through 2030. By then, installed capacity is expected to hit 13.5GW, reaching 57GW+ by 2035.
THE FUTURE LIES IN DEEP WATER
The UK is leading the charge, with an 18GW+ pipeline and 5GW of floating capacity set for 2030. Europe is targeting 300GW of offshore wind by 2050, with floating technology expected to deliver at least 60GW. Across the Atlantic, the U.S. has already leased 4.6GW of seabed in California, while South Korea and Japan plan to install 12.8GW by 2035.
Deep-water offshore wind is following the same trajectory as fixed-bottom wind—scaling up, driving down costs, and unlocking new markets. The opportunity is here. The technology is ready.
It’s time to take offshore wind further.