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Orsted is the largest offshore wind developer worldwide. As of 2024, the Danish company had an offshore operational capacity of roughly *** gigawatts. Overall, European companies are at the forefront of offshore wind development, with several major players following Orsted's lead. As of the end of 2024, German utility RWE and Scottish firm SSE had offshore wind capacities of *** and *** gigawatts, respectively. 

Leading offshore wind turbine manufacturers 

While developers like Orsted and RWE drive the implementation of offshore wind projects, manufacturers play a crucial role in supplying the necessary technology and equipment. Siemens Gamesa has established itself as the preeminent offshore wind turbine manufacturer. By the end of 2024, the company had installed approximately **** gigawatts of cumulative offshore wind capacity, more than double its closest competitors, which include Sewind, Mingyang, and Vestas. In 2024, Siemens Gamesa added *** gigawatts of new offshore capacity, further solidifying its market leadership. Mingyang, a wind turbine manufacturer based in China, installed some *** gigawatts of new offshore wind capacity during that same year. 

Global offshore wind market 

In 2024, offshore wind power capacity additions worldwide reached gigawatts. This figure represents a slight decrease from the previous year's installations but still demonstrates the industry's momentum. The global offshore wind energy landscape has seen remarkable expansion during the past decade, with total offshore capacity increasing from *** gigawatts in 2020 to more than **** gigawatts in 2024. This growth is mainly driven by installations in China and other countries across Asia and Europe.