Marsh RPF

Offshore Renewables

Industry Sector: Offshore Renewables

A Brief Overview


The UK leads the world in offshore renewable energy, particularly wind power. Offshore wind farms like
Dogger Bank and Hornsea 1 & 2  collectively generated approximately 45 terawatt-hours of electricity in 2022, supporting the nation's net-zero goals.


Globally, offshore wind capacity is increasing rapidly, with major projects underway across Europe, Asia, and North America. This growth underlines the global commitment to harnessing energy from our oceans.


Growth and Opportunity


In the UK, advancements in turbine technology and supportive government policies are driving offshore wind capacity expansion.
By 2028, the sector is expected to exceed 200 gigawatts.

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