The DNV floating wind outlook points to a delay of several years in the sector’s growth acceleration compared with its previous annual forecast, according to Recharge. In its coverage published on 12 October 2026, the publication put large-scale expansion roughly a decade ahead and identified onshore wind as the main driver of wind-sector growth for the foreseeable future.
Recharge cited DNV senior principal researcher Mats Rinaldo, identifying energy security and reductions in onshore wind costs as important factors behind changes to this year’s wind forecast.
DNV addressed the competitiveness of different technologies in its official announcement on 7 October 2026. It said lower costs were encouraging deployment of onshore wind, solar power and batteries, while more expensive technologies at an earlier stage of development faced increasingly limited policy support. Established renewable technologies were gaining ground against fossil-fuel generation.
The company’s Energy Transition Outlook 2026 projects that combined wind and solar output will overtake fossil-fuel electricity generation in 2033. By 2060, wind is expected to account for 31% of global electricity production and solar for 46%.
DNV presents the outlook as a forecast of the most likely course of the energy transition. It examines developments through 2060 at both global level and across ten regions.
