Floating offshore wind outlook dims in 2025 - report

The findings from Westwood Global Energy Group (Westwood)’s annual Floating Offshore Wind Survey polled 166 stakeholders across the global floating wind value chain.

This included engineers, product developers, investors, government organisations and the broader supply chain.

The results show that while activity in 2024 – including new leasing rounds and subsidy announcements – suggested positive momentum, delivery delays, investment risk and slow policy implementation are prompting a more cautious stance across the industry.

Compared to the 2024 survey, the biggest swing in optimism has come from developers who have gone from the most optimistic group to the least confident, with 63 per cent feeling less optimistic than in 2024. All other business types also signalled less optimism, with near and long-term growth expectations shifting lower compared to 2024. In total, 72 per cent of respondents now anticipate less than 3GW of global floating offshore wind capacity to be operational by 2030.