Global offshore wind projects have faced significant headwinds due to recent inflationary pressures and supply chain disruptions, exemplified by postponed permitting processes, delayed auctions and slow supply chain build-ups. Despite these challenges, the sector staved off challenges in 2023, seeing a 7% increase in new capacity additions compared to the previous year. This momentum is expected to accelerate this year, with new capacity additions expected to grow by 9% to over 11 gigawatts (GW) by the end of the year. Rystad Energy expects this…
