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Offshore wind investment hits record levels in 2023 – TGS – 4C Offshore

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Offshore wind investment hits record levels in 2023 - TGS - 4C Offshore | Windpower Monthly

Offshore wind investment hits record levels in 2023 – TGS – 4C Offshore

Last year was a global record for offshore wind investments, with developers reaching financial close for 12.3GW of capacity in 2023, according to energy intelligence firm TGS – 4C Offshore.

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Related Knowledge Center: ENERGY BASICS: wind

State of Play

Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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