Unlocking Singapore’s Offshore Wind Opportunity: A Strategic Roadmap for the Marine & Offshore Engineering Sector
Overview
Singapore’s Marine & Offshore Engineering (M&OE) sector is uniquely positioned to play a leading role in Asia’s rapidly expanding offshore wind market. This GWEC–ASMI roadmap provides the most comprehensive analysis to date of how Singapore’s established marine, fabrication, and engineering strengths can be leveraged to capture opportunities across the offshore wind value chain.
The report offers a forward-looking assessment of global and APAC offshore wind growth, maps Singapore’s current capabilities, and identifies strategic pathways for diversification, skills development, and supply chain readiness. It outlines how Singapore can build competitive advantage in fabrication, installation support, O&M, digital solutions, and floating wind technologies — supported by insights from industry, government, and academic partners.
Key Findings
Asia Pacific is the next offshore wind powerhouse: APAC will account for up to 150 GW of offshore wind capacity by 2030, representing a US$210 billion opportunity. China, Taiwan, Japan, South Korea, Vietnam, and emerging markets like the Philippines and Indonesia will drive regional demand.
Singapore’s M&OE capabilities align closely with offshore wind needs
Singapore’s strengths in rig-building, vessel construction, subsea engineering, and complex fabrication position the sector to supply key components and services from foundations and substations to specialised vessels and O&M solutions.
Significant job creation potential across the value chain
A typical 500 MW offshore wind farm generates around 8,650 full-time equivalent jobs, most in manufacturing and long-term O&M. APAC’s growth could create more than 1.5 million FTE job-days in the manufacturing segment alone.
Floating wind opens new growth avenues
As projects move into deeper waters and larger turbines, demand for floating foundations will rise. Singapore’s existing offshore engineering expertise is highly transferable to floating wind platforms and mooring systems.
Upskilling and workforce transition are critical to competitiveness
Singapore’s M&OE workforce already holds many relevant skills, but targeted training in offshore wind-specific standards, digitalisation, and safety requirements will be essential to convert capability into market-ready expertise.
Media Inquiries
Alex Bath
Communications Director
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alex.bath@gwec.net