APAC region to add 215 GW of offshore wind by 2033 - GWEC

The Asia-Pacific (APAC) region is expected to add 215 GW of offshore wind power generation capacity in the period 2024-2033 and China will be responsible for 74% of that, according to the latest estimates by the Global Wind Energy Council (GWEC).

Based on the same GWEC Market Intelligence data released in June 2024, Taiwan will account for 7% of the new installations, South Korea for 5%, each of Japan, Vietnam and India will be responsible for 3%, while Australia’s share is estimated at 2%. The remaining 3% is attributed to other APAC nations.

China, in particular, connected to the grid 5 GW of new offshore wind turbines in 2022 and 6.3 GW in 2023. GWEC Market Intelligence’s data indicates that more than 17 GW was under construction at the end of May 2024. By end-2025, the country will be transitioning from nearshore to deepwater installations and GWEC predicts that it will add about 160 GW of total offshore wind in the coming decade.

Presently, the second-largest offshore wind market in the region is Taiwan, having hooked to the grid almost 2 GW of capacity in the 2021–2023 period. The country now has an additional 2.9 GW under construction but GWEC believes that it is unlikely for the nation to reach its targeted 5.6 GW by 2025.

In the near term (2024-2027), China will continue to lead the region in terms of offshore wind capacity, having an estimated share of between 80% and 90%. GWEC predicts that China’s share will gradually decline to 69% in 2030 and 66% in 2033, as Japan and South Korea grow their own markets. The industry body notes that the main challenge for APAC, outside of the top five markets in the region, will be the development of local supply chains.

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