In 2025, the offshore wind industry in Asia Pacific (APAC) will hit a major turning point, with 10 GW of offshore wind projects expected to be put up for tender. The supply of wind turbines in the region has significantly outpaced the rest of the world, while offshore wind demand continues to grow. According to RenewableUK, China and the Netherlands will account for 63% of new capacity additions in 2024.

The rapid development of the offshore wind market in the Asia-Pacific region has attracted the attention of many international developers. This is partly due to increased uncertainty in the U.S. offshore wind industry, prompting developers to look to the Asia-Pacific region. To capitalize on this opportunity, developers are increasingly adopting advanced modeling tools to accelerate project siting and early development processes. Youwind Renewables' network platform has played an important role in this process, helping to successfully advance 10 projects with a total capacity of 9 GW in markets such as Japan, South Korea, Australia and the Philippines.

Japan dominates offshore wind development in the Asia-Pacific region, with plans to deploy 10 GW of offshore wind capacity by 2030 and further expand to 45 GW by 2040. Japan's fourth round of offshore wind tenders is scheduled to launch in early 2025 and is seen as a key opportunity for developers to gain a foothold in the world's most promising market. South Korea is also aggressively pursuing offshore wind projects and has so far allocated 6 GW of capacity through auctions.

While the offshore wind industry in Asia Pacific is promising, developers still face challenges such as regulatory hurdles, supply chain constraints, and complex on-site assessments. To reduce risk and speed up projects, developers need to make full use of pre-approved and pre-surveyed sites. Youwind's modeling tool reduces site selection time by 80%, significantly improving development efficiency. "The offshore wind market in Asia Pacific is growing at an unprecedented rate and developers need to take a strategic approach and leverage advanced tools to ensure success in this dynamic market," said Ana Rivera, founder and CEO of Youwind. Editor/Xu Shengpeng