Asia-Pacific leads global offshore wind rebound - Asset Publishing and Research
Published November 23, 2025
Asia-Pacific Leads Global Offshore Wind Rebound
The Asia-Pacific region is witnessing a significant resurgence in offshore wind energy development, positioning itself as a global leader in this sector. According to the latest report from the Global Wind Energy Council (GWEC), the region accounted for nearly 50% of the world's new offshore wind installations in 2022, marking a pivotal moment for renewable energy in the area.
In total, the Asia-Pacific region added approximately 24 gigawatts (GW) of new offshore wind capacity last year, which is a remarkable increase compared to previous years. This surge can be attributed to a combination of supportive government policies, technological advancements, and increasing investment from both domestic and international stakeholders.
Investment and Policy Support
Government initiatives have played a crucial role in this growth. Countries like China, Japan, and South Korea have implemented ambitious renewable energy targets that include substantial investments in offshore wind projects. For instance, China alone contributed around 16 GW of the new capacity, solidifying its position as the world's largest offshore wind market.
In addition to China, Japan is making strides in enhancing its offshore wind capabilities. The Japanese government has set a target of 10 GW of offshore wind capacity by 2030, which has attracted both domestic and foreign investments. The recent auction for offshore wind projects in Japan saw strong competition, reflecting the growing interest in this sector.
South Korea is also ramping up its offshore wind efforts, with plans to install 12 GW of capacity by 2030. This ambitious target is part of the nation’s broader Green New Deal, which aims to transition to a low-carbon economy and reduce greenhouse gas emissions significantly.
Technological Advancements Driving Growth
Technological innovation is another key factor driving the offshore wind rebound in the Asia-Pacific region. The development of larger and more efficient turbines has enhanced the feasibility and profitability of offshore projects. For example, the deployment of floating wind turbine technology is opening up new areas for wind energy generation, particularly in deeper waters where traditional fixed-bottom turbines are not viable.
These advancements not only improve energy output but also reduce costs, making offshore wind more competitive with other energy sources. The report highlights that the levelized cost of electricity (LCOE) for offshore wind projects has decreased significantly over the past few years, further encouraging investments in this renewable energy sector.
Global Market Dynamics
The global offshore wind market is expected to continue its upward trajectory, with the Asia-Pacific region leading the way. According to GWEC, the total global offshore wind capacity is projected to reach 234 GW by 2030, with Asia-Pacific contributing a substantial share of this growth.
Europe has traditionally been the frontrunner in offshore wind development, but the rapid advancements and investments in the Asia-Pacific region are shifting the dynamics of the global market. The competition between these two regions is likely to drive further innovation and cost reductions, benefiting the entire offshore wind sector.
Challenges Ahead
Despite the positive outlook, several challenges remain for the offshore wind industry in the Asia-Pacific region. Regulatory hurdles, supply chain issues, and environmental concerns are among the obstacles that could impact future developments. Governments and industry stakeholders must work collaboratively to address these challenges to ensure sustainable growth in offshore wind capacity.
For instance, the permitting process for offshore wind projects can be lengthy and complex, which may deter potential investors. Streamlining these processes and establishing clear guidelines will be essential for accelerating project development.
Additionally, the supply chain for offshore wind components, such as turbines and foundations, must be strengthened to support the rapid growth in installations. Building local manufacturing capabilities can help mitigate supply chain disruptions and enhance the resilience of the industry.
Conclusion
In conclusion, the Asia-Pacific region is at the forefront of the global offshore wind rebound, driven by strong government support, technological advancements, and increasing investments. As the region continues to expand its offshore wind capacity, it will play a crucial role in the global transition to renewable energy. However, addressing the challenges ahead will be vital to sustaining this momentum and realizing the full potential of offshore wind energy in the coming years.
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