U.S. Energy Shift Bolsters China's Offshore Wind Dominance ...Middle East

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U.S. Energy Shift Bolsters Chinas Offshore Wind Dominance
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As the US aims to decouple from Chinese supply chains by doubling down on its domestic oil and gas resources, industries such as offshore wind have faced a barrage of economic challenges, from stop-work orders, to tax break rollbacks and rising inflationary costs. Despite unfavorable conditions in the US, Rystad Energy research shows new global offshore wind capacity will reach 16 gigawatts (GW) by the end of 2025 due to projects already underway, with two thirds of them being developed in China. By 2030, Rystad Energy forecasts China’s offshore…

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