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Quest Offshore Wind Turbine Index September 2019

This month’s QOWTI (Quest Offshore Turbine Index) shows 11,087 turbines, representing a Global CapEx of $296 billion in the Total Addressable Market (TAM)*. Offshore Fixed Wind ongoing projects incorporate 9,517 turbines, while Floating Wind projects stand at 1,570 turbines. September 2019 QOWTI shows an average CapEx/unit of $26.1 million for fixed turbines and $30.3 million for floating turbines.

Each month QFWE publishes the monthly QOWTI, the world’s most definitive reference index for the Global Offshore Wind market.

Follow this link to see our regional and country by country indicators >>


Quest Offshore Launches Comprehensive Coverage of the Global Offshore Wind Market

Quest Offshore today launches its comprehensive coverage of the global Offshore Wind market and introduces our Fixed Offshore Turbine database. 

A Tremendous Opportunity Awaits

Quest sees enormous market potential starting to unfold, specifically increased areas of planned MW density across Asia, Europe and the USA.  These are three distinct markets that will ultimately require an expanded global supply chain while near-term projects will need to leverage the existing pool of experience and equipment.  Our analysis by supply chain segment shows a Total Addressable Market (TAM) of 10,140 Bottom-Fixed offshore turbine units totaling 89 GW across 160 projects.  An analysis of near-to-medium term projects under development, reveals 4,238 Bottom-Fixed substructures representing a total capacity of more than 36 GW. 

On a regional level, Europe sees more than half of the planned MW capacity to 2030 with Asia Pacific seeing rapid growth with over 3,300 turbine units identified and a 40% share of global projects led by Taiwan, Vietnam and South Korea.  The Americas led by the Northeastern U.S. is expected to deliver over 13 GW of capacity by 2028 from 1,422 turbine units.

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Large Scale Commercial Projects Drive Floating Wind

The Global Floating Wind Energy Market & Forecast 2019 – 2031 Report opens with an Economic Perspective of the Industry, then delves into current/planned/possible projects, along with the Total Addressable Market opportunities for each major link on the Supply Chain.  The Outlook to 2031 sees upwards of 14 GW installed and extensive detail is provided for all regions.  An analysis of the Supply Chain including market shares covers Developers, Turbine Manufacturers, Designers, the Mooring segments, Cabling and Installation activities. 

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Project of the Month: Maine Aqua Ventus I

The Q FWE Project of the Month is Maine Aqua Ventus I designed by UMaine/DCNS.

Maine Aqua Ventus I – Data Sheets

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Concept of the Month: Sea Reed

The Q FWE Concept of the Month is Sea Reed Designed by Naval Energies.

Sea Reed Data Sheet

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