Offshore Wind Index Rises 4.8% in October

HOUSTON, TX. USA – October 9, 2019 – October’s QOWTI, which tracks the total addressable market, shows a rise in global turbines to 11,624 from 11,087 in September 2019, which corresponds to a rise in projected MW capacity of 4,933MW to 101,782MW. Global CapEx rose from $296 billion in September 2019 to $310 billion in October 2019, with future USA projects adding $7.3 billion and Europe adding $6.7 billion.

Offshore Fixed Wind prospects grew by 537 turbines over the past month, with Doggerbank (UK), Vineyard Wind 2 (USA) and Virginia Wind Energy Area (USA) representing the vast majority of the new prospective turbines.

Floating Wind grew by 39 turbines, with 34 of these being Equinor’s Scottish expansion

QFWE publishes QOWTI, the world’s most definitive reference index, on a monthly basis. To view the expanded QOWTI, including regional and country coverage, please visit

About QFWE

Twenty-years of expertise in data analytics, analysis and the development of offshore and deepwater projects provides us with the means and the network to offer critical insight on the Offshore Wind industry going forward. Q FWE has created a dedicated offshore wind projects database covering both fixed and floating solutions. Our proprietary Q Vision tool tracks and monitors projects and their supply chain from early planning to commissioning and O&M. This dynamic tool provides a continuous feed of strategic insight, tactical information and robust data analytics throughout each stage of the supply chain.

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