China driving Asian offshore wind market growth

Feb. 1, 2021
Fueled by China’s growth, Asia’s installed base of offshore wind capacity is expected to rise sixfold by 2025, when it will reach 52 GW, according to Rystad Energy.

Fueled by China’s growth, Asia’s installed base of offshore wind capacity is expected to rise sixfold by 2025, when it will reach 52 GW and be almost on par with Europe, according to Rystad Energy. China has contributed more than 94% of Asia’s current operational offshore wind capacity. The country now accounts for 5.9 GW of the continent’s 6.3 GW of offshore wind capacity. The country is forecast to see high activity levels continue between 2021 and 2024, before slowing down somewhat in 2025. The remaining 6% of Asia’s current operational offshore wind capacity is found in countries including Taiwan (128 MW), Vietnam (105 MW), South Korea (99 MW), and Japan (56 MW).