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Huge cuts in Rystad offshore forecasts: Three challenges must be solved

Power Wattz Solar | Off Grid Solar Solutions | Battery Backups > News > Solar > Huge cuts in Rystad offshore forecasts: Three challenges must be solved
June 12, 2025 joeyxweber No Comments

Analyst predicts much lower offshore wind capacity by 2030 than previously expected

‘This industry has gone through sort of a race to the bottom where developers have over/underbid each other. Now we get to reboot this market. It’s not necessarily a bad thing that you get a more modest entrance into auctions,’ Magnus Naevestad, partner of Rystad Energy said at the North Sea Wind conference in Kristiansand, Norway, on Wednesday.Photo: Ole Petter Pedersen

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