Siemens Gamesa sees 15GW global offshore wind market by 2030

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Siemens Gamesa expects a rapid rise in the global offshore wind market to grow at an average rate of 11% (measured as CAGR) and reach 15GW in installations per year in 2030, the wind OEM’s offshore chief executive Andreas Nauen said.

That is up from 4.3GW of offshore installed last year, according to figures by the Global Wind Energy Council (GWEC), which were almost entirely added off the UK, Germany and China, with Belgium and Finland also making a small contribution.

Europe and China will continue to dominate the offshore market in 2020, when SGRE sees 5GW of offshore being added worldwide, Nauen said at a panel on offshore wind during the conference of the American Wind Energy Association (AWEA) in Chicago last week.

“In 2025, we believe that the rest of the world will take off – and my apologies to the US Americans, for once you are in the rest of the world,” Nauen said, explaining that the ‘rest of the world’ according to the company’s definition also includes Taiwan, which has a very ambitious offshore wind programme.

“The dominance will still remain in Europe. Europe will still be the biggest market, simply because you have the best wind conditions and also the infrastructure there,” he said, adding that offshore China by the middle of the next decade will also “take off”.