Nature Positive Role of the Offshore Wind Sector

The offshore wind sector in numbers FIGURE 6 Simplified value chain of the offshore wind sector FIGURE 5 Market All sectorsElectricity transmission and distribution Provision of machinery and transport equipment Recycling / repurposingDownstream Upstream Tier 2, 3 and n suppliers Provision of materials, e.g. mining and metals, cement and concreteTier 1 suppliers Manufacturing of offshore wind parts, such as turbines and foundations, and supporting electrical equipment (cables and wires) Marine transport Ports and servicesMidstream (direct operations) Development and construction of offshore wind farms and related infrastructures Operations and maintenance of offshore wind farms and related infrastructures Decommissioning/ end-of-lifeRe-use In scope Out of scope of global operational capacity in 2023, forecast to rise to 380 GW in 2030 and 2,000 GW in 205075 GW in investments in 2023,46 forecast to rise to $350 billion in 2030 and $1.47 trillion in 2050$77 billion 15% stationary infrastructure at sea, forecast to rise to 80% in 205047 0.6% of global power production, forecast to make up 15% of global power production in 2050lower emissions than coal on average per unit of electricity48,49,50 99% tonnes of critical minerals per MW of capacity 15.5 15% 80% The sector accounts for: 15% 0.6% 15 Nature Positive: Role of the Offshore Wind Sector