The Offshore Wind Market Report: 2023 Edition provides detailed information on the U.S. and global offshore wind energy industries to inform policymakers, researchers, and analysts about technology, economic, and market trends.

The report covers global operating offshore wind energy projects through Dec. 31, 2022, and U.S. projects in various stages of development through May 31, 2023.

Offshore Wind Powering Up

This year, the total global capacity reached 59,009 MW from 292 operating projects and over 11,900 operating wind turbines. 

Offshore Wind Energy Projects

As of May 31, 2023, the Offshore Wind Market Report: 2023 Edition estimates the U.S. offshore wind energy pipeline to have 52,687 MW of capacity, which is the sum of installed projects, projects under construction, projects approved for construction, projects undergoing various state and federal permitting processes, existing lease areas, and the development potential of yet to be leased wind energy areas.