Clear and ambitious offshore wind targets are the cornerstone of progress — providing the market visibility, investor confidence and policy certainty needed to accelerate deployment at scale. Targets are more than political statements; they are powerful economic instruments that signal long-term commitment and unlock investment.

This report provides a comprehensive overview of offshore wind targets worldwide, covering national, subnational and regional commitments, and showing that governments remain broadly committed to offshore wind, despite recent challenges.

Key findings:

  • A total of 27 countries have set national targets for offshore wind. In addition, there are 27 subnational targets, including 3 in countries that do not yet have a national target. There are also three regional targets. Among the 27 countries with national targets, 22 have a national target for 2030, 18 have a post-2030 target and 7 include specific floating offshore wind targets.
  • Offshore wind deployment is about to surge, even though many countries are likely to fall short of 2030 targets. The Global Wind Energy Council (GWEC) projects that offshore wind capacity will almost triple between 2024 and 2030, increasing from 83 GW to 238 GW. Despite this rapid growth, many countries are expected to miss their 2030 targets, with some shifting timelines into the early 2030s. These shortfalls reflect the challenge of meeting ambitious targets that initially helped to drive investment and market growth. Over the past year, momentum has slowed, with GWEC reducing its 2030 global outlook by 25% compared with last year.
  • A further 88 countries have offshore wind potential, with 11 actively developing plans. In 2019, the World Bank assessed the offshore wind potential of 115 countries, of which 27 now have national targets. Amongst the remaining 88 countries, 9 are members of the Global Offshore Wind Alliance (GOWA) – Australia, Brazil, Canada, Chile, Malta, Panama, Papua New Guinea, Saint Lucia, Trinidad and Tobago.