Onshore wind will continue to be the core technology in global wind energy deployment, due to its competitive pricing and the lower electricity costs generated compared to offshore alternatives³.

However, offshore wind is quickly gaining momentum. Global capacity additions are projected to hit 6 GW in 2025—a significant rebound after slower growth in recent years. Offshore wind offers more stable power output and leverages vast ocean spaces for installations. Innovations including floating wind turbines are also expanding possibilities, allowing development in deeper waters and opening doors for countries with limited shallow coastlines. China is leading this offshore charge, accounting for 65% of new offshore capacity additions worldwide².

According to a recent report, the world’s wind turbine fleet is approaching the end of its operational life, drawing in significant investments in both repowering and decommissioning activities, with expected capacities of 4.6 GW and 4.3 GW respectively this year².

With nearly 11 GW of onshore wind capacity reaching its 20-year mark, countries are prompted to rethink their strategies in opting for new investments to decommission some wind structures with newer installations.