US Offshore Wind Development More than a Breeze

The offshore wind (OSW) energy offers a promising technology for the global clean energy transition, with the potential to supply vast amounts of renewable power while driving economic growth and supporting climate goals. In 2023 alone, the global OSW industry saw a surge in capacity, adding 10.8 gigawatts (GW) of new projects, marking a significant 24 percent year‐on‐year increase. 1 This growth positioned 2023 as the second‐best year in the industry's history, bringing the total installed global capacity to over 75 GW. 2 As climate change pressures mount, nations around the world are turning to OSW as a contributing solution to decarbonizing their energy systems and securing availability of energy supplies.