The industry of Offshore wind energy is experiencing a change of cycle On a global scale: new connected power will continue to grow despite the setbacks in the United States, while China consolidates its leadership and Europe accelerates its industrial muscle with new financing channels.
According to an analysis by Rystad Energy, by the end of 2025, 16 GW of new offshore wind capacity worldwide, with approximately two-thirds located in ChinaIn the medium term, the report predicts that about 45% of the accumulated power of the planet in 2030 will come from Chinese projects, a scenario that complicates US competition even if policies change.
The new map: more capacity and greater weight of China
In the United States, the combination of Inflation, tax reviews and suspension orders has cooled investment appetite and slowed down already approved projects. Rystad notes that US renewable investment falls 36% year-on-year as of 2025, while part of the European capital is redirected outside the country.
This halt coexists with administrative decisions and litigation: work was ordered to be stopped in the Ørsted offshore project in Rhode Island and in one of Equinor in New York (the latter managed to lift the ban), and a federal judge revoked the order on Ørsted's Revolution project, leaving the continuation of the legal dispute in the air.
At the same time, the decoupling of supply chains with China has not weakened the Asian giant: its position in renewables, and in offshore wind in particular, has been strengthened, according to Rystad's research team. The result is a transfer of competitiveness This is reflected in the entry into operation of new parks and greater economies of scale.
In parallel, Europe tries to protect its industrial autonomy to not depend so much on Asian components. According to industry analysts, public measures are being taken to reduce costs and accelerate local manufacturing, key if we want to maintain the pace of offshore deployment and reduce bottlenecks.
Corporate restructuring: Ørsted cuts back and CNOOC accelerates
Danish Ørsted has started a reorganization of its structure to adapt to the progressive closure of several projects under construction and gain competitiveness. The company will prioritize the Offshore wind power in Europe and Asia-Pacific, reducing exposure in other geographies.
The plan includes around 500 clippings In the fourth quarter of 2025, about 235 in Denmark, and efficiency measures—from natural turnover to divestments—with the goal of achieving annual savings of around 2.000 billion Danish kroner (approx. 268 million euros) from 2028.
In the United States, Ørsted and other promoters are considering all alternatives to sustain their presence, following the regulatory and cost difficulties registered this year. This context has led several European companies to recalibrate portfolio and locations investment.
On the Asian side, CNOOC has announced the expansion of its offshore pipeline with the project CZ7 in Hainan (1,5 GW), whose entry into operation is planned before 2030. It will be its first large-scale development in offshore wind power, reinforcing China's push in the region.
Supply chain: dependency and European response
The supply chain challenge is profound: A look at turbine platforms with IEC certification used in Europe shows that approximately 25% of the centers that manufacture key components for Western OEMs are located in China. Following the 2020 exit, many manufacturers have returned to the favorable Chinese environment to stabilize costs.
Executives and analysts of the wind sector in Europe point out that the public officials are moving to reduce dependency, with support instruments that They encourage local productive capacity without triggering CAPEX. The goal: to rebalance the chain and securing critical supplies for the next marine parks.
In this context, voices such as that of Alexander Fløtre (Rystad) and supply chain specialists such as Andrea Scassola have stressed that creating a fully competitive alternative against China will take time, but it is beginning to be seen traction in Europe with new financial instruments and industrial policies.
Spain activates its industrial lever: EIB–CaixaBank–Navantia agreement
The European Investment Bank (EIB) and CaixaBank have closed a counter-guarantee of 50 million euros to articulate a green line of commercial risks of at least 100 million. The objective is to cover Navantia Seanergies and enhance its capacity to supply offshore wind components.
Thanks to this scheme, Navantia Seanergies will be able to issue compliance guarantees and performing advance payments to suppliers in new contracts, shoring up the value chain. Manufacturing will be concentrated in the shipyards in Fene (Galicia) and Puerto Real (Andalusia), also strengthening cohesion in priority regions for the EU.
The operation is supported by the program Invest EU and aligns with EIB wind package launched to facilitate financing for the sector and add dozens of additional GW in Europe. In addition, the counter-guarantee aims to generate a multiplier effect that mobilizes capital Other investors.
Spokespersons for the entities involved emphasize that this agreement will help accelerate the energy transition, reinforce the European industrial competitiveness and give greater strategic autonomy to the offshore chain. Navantia Seanergies underlines the impact on its ecosystem of collaborating SMEs, key to meeting deadlines and ensuring quality.
With a demanding international environment, the Offshore wind power faces a rebalancingChina is leading the way in new connections, the United States is going through a difficult period, and Europe is accelerating its industrial response with financial instruments and corporate reorganizations. Spain, through support from the EIB and CaixaBank for Navantia Seanergies' manufacturing, is positioned to capture more value in the supply chain and support the deployment of marine parks in the coming years.