Drashya Goel
,
Marketing Content Manager
Author
, Published on
April 5, 2025
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In 2021, China connected 16.5 GW of offshore wind farms & became the world leader in capacity installed.

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Maersk’s Sturgeon WTIV was set to be a pioneering Jones Act-compliant vessel for the US offshore wind market. Yet, with the domestic market faltering under the new administration the project was terminated just before delivery. Is this a sign of the wind market replicating the offshore rig glut of the mid-2010s? Spinergie’s Lead Analyst, Yvan Gelbart, presents his analysis.