Offshore Wind Energy Expansion Drives Investments in Cable Manufacturing

Offshore Wind Energy Expansion Drives Investments in Cable Manufacturing

NEW DELHI--July 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Demand for offshore power cables has risen due to growth in offshore wind capacity. According to a 2023 projection by the Global Wind Energy Council, more than 380 gigawatts (GW) of global offshore wind capacity will become operational by 2032 as compared to 64.3 GW in 2022. To meet this increase, there is a rising need for offshore subsea cables, which are crucial in connecting this upcoming infrastructure.

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