After peak ambition through 2022 and the 2022-2024 turmoil, the offshore wind industry now sits on a more disciplined slope. Recent years have given cancellations, impairments, and capacity target cuts, and offshore wind is finding its right pace in a new phase of growth.
Offshore wind developers differ in their reaction to this sector rebalancing and how they are setting themselves up for a path forward towards a profitable and productive scale.
Aegir Insights has identified five distinct strategies that major developers are taking to repositioning themselves for the next phase in offshore wind:
- Concentrate and scale
- Capital-led entry
- Emerging pioneers
- Domestic anchor
- Managed retreat
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