Global Offshore Wind O&M Spend to Exceed $12 Billion by 2028

By [email protected] The global offshore wind operation and maintenance (O&M) market is expected to grow by 17 percent annually to more than €11 billion ($12 billion) by 2028, according to new research from Wood Mackenzie Power and Renewables. Europe is the largest contributor with €6.7 billion in value, while the Asia-Pacific region is keeping up the pace in O&M market size and spend.

Total Addressable Offshore O&M Market by Region (Euros)

Source: Offshore Wind Operations and Maintenance Trends 2019

Operational offshore wind farms in Europe are relatively young — 80 percent of the installed base will remain within the first half of their design lives

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