Offshore Wind

The offshore wind industry has grown nearly five-fold since 2011, from 4 gigawatts to 23 gigawatts installed at the end of 2018, and with a large volume of planned projects in Europe, China and the United States. Considering the recent and projected cost reductions, the unique benefits of offshore wind, and the urgent need to decarbonize electricity systems, the World Bank Group launched a new offshore wind program in March 2019. Led by ESMAP, in partnership with the International Finance Corporation (IFC), the objective is to fast-track the adoption of offshore wind in developing countries by helping them to tackle the challenges that often arise with the introduction of a new technology and creation of new markets.

The ESMAP-IFC Offshore Wind Development Program was launched in March 2019 with the aim of accelerating the adoption of offshore wind in emerging markets. The program’s Going Global report was released in October 2019, highlighting 3.1 TW of offshore wind technical potential in just eight emerging markets: Brazil, India, Morocco, the Philippines, South Africa, Sri Lanka, Turkey, and Vietnam. The program has now released maps showing the offshore wind technical potential in 40 more countries using wind resource data provided by the ESMAP-funded Global Wind Atlas. See information below to access all maps.

For further, up to date information on the Offshore Wind Development Program, browse this document.