The slump of offshore wind FID volumes outside China

Final investment decisions (FIDs) on offshore wind projects outside China total about 2 GW so far in 2026, less than one fifth of the 2023 record year. This is the lowest level since 2022, when surging costs and rising interest rates stalled projects worldwide and market interventions added to the uncertainty in Europe.

Only three offshore wind projects have reached FID in the first nine months of 2026. This fall follows failed auctions and a shortage of projects with secure revenue.

What is still to come in the rest of the year, and how is 2027 looking?

Aegir Insights’ newest analysis gives a status on global offshore wind FIDs, diving into:

• Offshore wind FID development outside China by year since 2015
• Projects with FIDs reached so far in 2026
• Developers targeting FID in 2027 that could contribute to a partial rebound

Clients can access the report on the Aegir Intelligence Platform.

For how offshore wind projects moved toward FID and construction through 2025, see our review of offshore wind project maturity in 2025.

Interested in getting a glimpse of this analysis?

Reach out to us: www.aegirinsights.com/contact