Offshore Wind CapEx stands at $398 billion
for February 2020
February’s QOWTI (Quest Offshore Wind Turbine Index), which tracks the total addressable market*, shows 254 Global Projects, representing 14,364 individual turbines valued at $398 billion.
Fixed Wind total projected CapEx is $328 billion on 190 projects, containing 12,011 turbines. These projects will add 104,226MW to future global nameplate capacity…
Floating Wind Webinar Global Deployment Opportunities for Floating Wind Turbines
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.
Project of the Month: Groix & Belle-Ile
The Q FWE Project of the Month is Groix & Belle-Ile designed by Naval Energies.
Groix & Belle-Ile – Data Sheets
Concept of the Month: X1Wind
The Q FWE Concept of the Month is X1Wind.
X1Wind Data Sheet