Electric Power, Energy Transition, Renewables

June 25, 2026

Sea change: Offshore wind sector adjusts development plans as costs rise

HIGHLIGHTS

90 GW offshore wind installed globally

Rising rates slow new project development

Expert discusses next wave of sector growth

More than 90 GW of offshore wind capacity has been installed globally, split almost equally between Europe and China. Development in many parts of the world has slowed as rising interest rates and wavering policy support pressure new-project economics.

S&P Global Energy expert Andrei Utkin joins hosts Hill Vaden and Sam Humphreys to discuss the global landscape for offshore wind and flag areas that will drive the next wave of sector growth.

Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en

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