Offshore wind to increase substantially in order to meet
net zero targets in all regions
Actual and forecasted cumulative offshore wind capacity GW
Source: IEA: World Energy Outlook 2020; European Commission; Japan Wind Power Association; The White House
Notes: 1) Current estimated capacity in US by 2030 is ~23 GW across sources incl. IEA and BNEF. 300 GW is the recent target from the
2) According to BNEF, South Korea is expected to have 3.0 GW in floating offshore wind capacity by 2035, followed by the UK.