Can offshore wind bounce back after stormy 2025? With Alex Fløtre and Venterra CEO Ed Daniels

Let’s Talk Energy and explore how the offshore wind industry might start to bounce back from a rough patch in 2025. In the US, the administration shut down projects and canceled plans for future auctions. Meanwhile, elsewhere around the globe, the industry saw bid rounds close with no bids, and developers began to rationalize a long queue of projects, some of which were no longer competitive as they struggled with rising supply chain costs. While these headwinds have diminished the outlook for new offshore wind capacity in the years ahead, there is still a massive amount of growth on the horizon and signs that 2025’s hiccups are beginning to be resolved. At the same time, the offshore wind supply chain is a growing battleground for industrial competition, as it is one clean energy industry not yet dominated by Chinese companies – though they are advancing quickly.  How much could offshore wind contribute to the future energy mix and what factors might influence that outlook?  How have regulators, developers and suppliers successfully resolved some of the pinch points that are holding back capacity? Where could we see further improvements?  How will governments – particularly those in Europe – balance the need to lower development costs with the protection of their domestic offshore wind industry? Related Analysis  Five things to watch in the global power sector in 2026 (accessible to non-clients)  Rystad’s Take: In conversation with our CEO, February (accessible to non-clients)  Offshore Wind Report – 4Q 2025 (clients only)  Wind ‘theft’ disputes on the rise as developers jockey for space offshore (clients only)  Oil majors scale back offshore wind investments (clients only)  Related Episodes The North Sea is the key to European energy security, with Simon SjøthunEuropean power markets at a turning point, with Iben Frimann-Dahl and Francesca BjørnflatenWinners and losers in Trump’s energy agenda, with Mike McCormickLet’s Talk Energy is a Rystad Energy Production.    Produced by: Laura Rodriguez Skaug &  Både Og.    Executive producers: Noah Brenner, Elliot Busby, Evodie Fleury-Greaker & Erik Means.    Follow us on:   LinkedIn    YouTube    Instagram    X