OWC Elevates the Discussion in the 2025 Global Offshore Wind Report
OWC’s Global Recognition
OWC has once again secured its place among the world’s top offshore wind consultancies, appearing in the highly anticipated 2025 Global Offshore Wind Report by reNEWS, sponsored by LSP Renewables. This recognition reflects our team’s technical excellence, thought leadership and commitment to accelerating offshore wind globally during a period marked by uncertainty and transition for the industry.
What is the 2025 Global Offshore Wind Report?
The 81-page report provides more than 7,500 paying subscribers with a comprehensive overview of the global offshore wind landscape, shining a light on markets navigating economic turbulence, permitting delays, auction reform, supply chain instability and shifting policy commitments.
While only 14.5GW of new capacity is expected to come online this year – a steep drop from previous projections – the report points to cautious optimism for 2026 before further volatility through the decade. Amid these challenges, OWC experts once again provided trusted insight into the state of play across key markets.
OWC Experts Featured in the 2025 Report
The report includes contributions from six OWC specialists whose insights capture both the realities and opportunities shaping offshore wind worldwide:
- Rene Aagaard, Country Manager, OWC Denmark
- Ana Pirrone, Country Manager, OWC Iberia
- Vasilis Giotas, Country Manager, OWC Greece
- Damien Pasco, Country Manager, OWC Australia & New Zealand
- Luany Dantas, Country Manager, OWC Brazil
- Nicolas Eynaud de Faÿ – Project Services Line Lead, OWC Germany & Azerbaijan
Their expert commentary reinforces OWC’s role as a global advisor to governments, developers and investors navigating an evolving market landscape.
Highlights of OWC Contributions
Denmark – Rene Aagaard
A Market Reset: Denmark’s Open-Door Revival and Merchant Future
Denmark’s offshore wind sector is entering a pivotal reset as developers push forward the remaining open-door schemes, including TotalEnergies’ majority acquisition of the 240MW Jammerland Bay and 165MW Lillebælt Syd projects, both targeting FID in 2026–27 and COD in 2029.
Though Denmark’s 13GW by 2030 ambition is now out of reach, OWC Denmark Country Manager Rene Aagaard sees the government’s revised 3GW tender as an encouraging step that, if phased correctly, could restore supply chain confidence and support future merchant projects and emerging P2X opportunities. Despite manufacturing setbacks, Aagaard remains optimistic that clearer policy signals and a stable pipeline will help re-energise suppliers and reposition Denmark for renewed North Sea momentum.
Spain – Ana Pirrone
Stalled Auctions, Surging Potential: Spain’s Offshore Wind Standstill
Spain’s floating wind ambitions remain stalled as the government delays its first offshore wind auction, driving developer frustration and prompting exits from major players due to regulatory uncertainty, grid saturation and persistent negative pricing. Yet OWC Iberia Country Manager Ana Pirrone points to emerging progress through €160m in PORT-EOLMAR port upgrades and a €100m EIB–CaixaBank guarantee boosting manufacturing investment, alongside improved regulatory structure under Royal Decree 962/2024. With strong domestic players and clear industrial potential, Pirrone notes that Spain is well positioned to advance its 3GW floating wind roadmap – but only if auctions finally move ahead in 2026.
Greece – Vasilis Giotas
Momentum on Hold: Greece Waits for Its Long-Anticipated Offshore Wind Plan
Greece’s floating wind sector remains paused as ministerial delays stall approval of the national development plan that identifies 12.4GW of potential capacity across 2,712km², preventing HEREMA from launching metocean campaigns or progressing auction design. OWC Greece Country Manager Vasilis Giotas highlights that even with immediate approval, at least one year of wind data collection would be required, pushing the earliest auction to 2028. While OWC has developed the metocean data collection strategy via a non-governmental SPV model and early-stage momentum exists around Terna Energy’s 400MW licence, investor confidence remains muted until clear timelines are provided amid broader geopolitical and cost pressures.
Australia & New Zealand – Damien Pasco
From Acceleration to Caution: Australia’s Offshore Wind Reality Check
Australia’s once-fast-moving offshore wind sector is now entering a cautious phase, with several early-stage projects – including RWE’s 2GW Kent and BlueFloat’s 2.1GW Gippsland Dawn – shelved due to global financial strain, supply chain uncertainty and Victoria’s delayed 2GW CfD auction, now expected in 2026. OWC Australia & New Zealand Country Manager Damien Pasco notes that while developers broadly accept the need for a well-designed first tender, prolonged uncertainty risks weakening investor confidence. A clear multi-auction roadmap will be critical to meeting Victoria’s 9GW by 2040 target and unlocking long-term supply chain investment needed for local fabrication and assembly.
Brazil – Luany Dantas
Racing Toward 2026: Brazil’s Push to Finalise Its Offshore Wind Framework
Brazil is moving quickly to finalise its inter-agency regulatory decree ahead of its first seabed lease auctions in 2026, with a 23-institution working group shaping rules for concessions, environmental licensing and grid coordination. OWC Brazil Country Manager Luany Dantas observes rising industry confidence as the framework nears completion, with many expecting auction timelines to be announced ahead of COP30. Backed by strong political support and exceptional wind resources across vast coastlines, Brazil is positioning itself as Latin America’s most promising emerging offshore wind market – provided the regulatory decree is approved in time to meet the 2026 commitment.
Azerbaijan – Nicolas Eynaud de Faÿ
China Partnership Unlocks Azerbaijan’s Offshore Wind Ambitions
Azerbaijan is advancing its renewable energy goals with a target of 6GW of new capacity by 2032, deepening collaboration with Chinese developers through agreements such as a 2GW offshore wind initiative (beginning with a 200MW pilot) and wider partnerships involving Masdar, ACWA Power and SOCAR exploring a further 3.5GW. OWC Principal Engineer Nicolas Eynaud de Faÿ notes that China’s manufacturing and overland transport capabilities are especially advantageous given the Caspian Sea’s narrow access routes, helping to offset logistical constraints. With the World Bank and IFC estimating 157GW of technical offshore wind potential across the region, Azerbaijan is positioning itself for a significant role in the future Caspian offshore wind market.
Leadership Reflections
A Message from Will Cleverly, CEO, OWC
“The offshore wind sector continues to navigate one of its most complex phases, shaped by economic pressures, shifting policies and the realities of scaling global markets. Yet what stands out – year after year – is the resilience and ingenuity of our people. Being featured once again in the Global Offshore Wind Report is testament not only to OWC’s expertise, but to our commitment to supporting the industry through both challenge and change.
Our teams across Europe, Asia-Pacific and the Americas are shaping the conversations that matter. Their insights help clients, governments and partners move forward with confidence, and I am immensely proud to see their contributions recognised on a global stage.”
— Will Cleverly, CEO, OWC
Conclusion: Looking Ahead
OWC is honoured to feature in the 2025 Global Offshore Wind Report. Against a backdrop of market uncertainty, our global experts continue to bring clarity, strategic direction and technical confidence to offshore wind markets at every stage of maturity.
As the sector evolves, OWC remains committed to empowering developers, investors and governments with the insight needed to navigate complexity and build a more resilient clean energy future.
For a deeper dive into the insights shared by our experts or to request full access to the report, please reach out to us via the contact us button below.
Our team will be delighted to assist you.