Quest Offshore Wind Turbine Index March 2020

Offshore Wind CapEx stands at over $400 billion for March 2020

March’s QOWTI (Quest Offshore Wind Turbine Index), which tracks the total addressable market*, shows 257 Global Projects, representing 14,452 individual turbines valued at $401 billion.

Fixed Wind total projected CapEx is $336 billion on 194 projects, containing 12,418 turbines.  These projects will add 108,358MW to future global nameplate capacity. 

Floating Wind total projected CapEx stands at $64 billion to be spent on 63 projects, containing 2,034 turbines.  These projects represent an increase of 19,228MW in future global nameplate capacity.

*The Total Addressable Market represent the 250+ global projects which are either under development, planned or possible tracked by the QFWE database

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