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Global offshore wind market to grow to 330GW by 2030: report

REEI 2022/05/19

The global offshore wind market is expected to grow to 330 gigawatts (GW) by 2040 from only 34GW in 2020, Wood Mackenzie reported.

This comes as the analyst sees the number of countries that will have large-scale offshore wind farms rise to 24 from the current nine. WoodMac estimated the cumulative capital expenditure across the globe in the sector will reach US$1t by 2031.

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