Energy security tops political agendas as prospects for offshore wind recovery gain momentum, TGS | 4C report finds

Offshore wind market indicators remain subdued in Q2 2026, but renewed focus on energy security is driving recovery prospects. Global 2030 offshore wind capacity forecasts were reduced by 11% year-on-year, though 2040 expectations were moderately raised. The industry shows signs of improvement with 15 GW expected to come online by year-end, making 2026 the second highest commissioning year on record. Geopolitical events and commodity price inflation are adding risk to the sector.