Quest Offshore Wind Turbine Index September 2020

September’s Offshore Wind Turbine Index Sees an Increase of 1,404 Turbines Since August

The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable Market for offshore wind*, shows 294 global projects for September a gain of twelve projects, comprising 16,681 individual turbine units representing a CapEx of $473.7 billion.  Although Asia Pacific leads Europe in total project count, Europe leads all regions in total CapEx and MW density at $206.9 billion and 67.7 GW, respectively, compared to $160.8 billion and 51.3 GW in Asia Pacific. 

This month sees 67,679 MW in Europe (a net gain of 1,974 MW) with sizeable additions from the United Kingdom with five projects comprising 275 Bottom-fixed turbines representing a net CapEx increase of $4.4 billion for the UK.  Asia/Pacific realizes a notable gain of 6.6 GW with the addition of 627 wind turbines across 14 projects.  Brazil, notably, gained five projects with 12.8 GW of nameplate capacity representing 920 Bottom-fixed wind turbine generators across two projects for Equinor and three for Neoenergia.

Significant from last month is TOTAL’s announced addition of over 2 gigawatts (GW) of Floating wind in South Korea with Green Investment Group.  This marks an important milestone in offshore wind energy and towards accelerated momentum in the Floating wind segment.  TOTAL now represents about 23% of the regions projects followed by Shell (EOLFI) at 18% and Equinor with over 8%.   Quest Floating Wind Energy’s Q Vision illustrates a $35 billion Total Addressable Market in CapEx for the Asia Pacific region with South Korea now leading other countries in the region with 12 projects.  This marks twenty-six Floating wind projects in Asia with varying project statuses as defined by Q Vision, sixteen of these rated at 400 megawatts (MW) or more.  

Total projected CapEx for Fixed wind stands at $389.7 billion on 222 projects, comprised of 14,331 turbines.  These projects represent 133,318 MW of future global nameplate capacity.   Asia Pacific is presently the most active market for Fixed wind comprising 107 projects totaling 5,314 turbines led by Japan, Taiwan, Vietnam and South Korea.  Japan saw 340 Bottom-fixed wind turbines added in September with a nameplate capacity of 3.3 GW. Europe ranks second by region with 83 projects comprising 6,133 Fixed turbines led by England and Ireland, the Netherlands, Poland and France.  This region represents 58,250 MW of nameplate capacity.

Total projected CapEx for Floating wind stands at over $84 billion allocated to 72 projects, containing 2,350 turbines.  These projects represent a global nameplate capacity of 23,007 MW.  Europe leads Floating wind activity totaling 947 turbines across 35 projects led by England, Ireland, Spain and France.  Asia Pacific ranks second with 930 Floating turbines on 26 projects led by Japan, Taiwan and South Korea.

*The Total Addressable Market represent the 294 global projects which are either under development, planned or possible tracked by Q FWE’s proprietary Q Vision database

For more information on the Offshore Wind market, please contact us at +1 (281) 725-7664 or email

QOWTI Annual Subscription $1,295 – single-user

Gain access to the world’s most definitive reference index for the global offshore wind market.  Subscribers will be emailed a monthly Excel file along with 24/7 access via our website.  Call Andrew Chadderdon for multi-user or enterprise-wide licensing options at +1 (281) 725-7664 or email For further detail on our subscription products, please see our Commercial Offering Brochure here.