Corporate Buyers Sign Landmark Long-Term Contracts for Offshore Wind Power
BOSTON, November 19, 2025 – Corporate demand for offshore wind energy surged to record levels in the third quarter of 2025, with major technology and manufacturing firms executing long-term power purchase agreements (PPAs) totaling 2.5 gigawatts of capacity, marking the largest quarterly volume of corporate offshore wind procurement on record, industry sources confirmed Tuesday.
The unprecedented wave of contract signings reflects accelerating corporate decarbonization commitments and improved market economics. According to analysis from Boston Consulting Group, governments worldwide are competing for offshore wind investment, with announced tenders for 2025 exceeding 66 gigawatts—more than 60 percent originating from newer markets outside Europe. This competition is driving more favorable terms for corporate buyers. Learn more at:
The quarterly total represents a 40 percent increase over the previous record set in early 2024 and includes five separate 15-year contracts ranging from 300 to 700 megawatts each. Buyers include data center operators seeking stable, zero-carbon power supplies and heavy manufacturers pursuing scope 2 emissions reductions. The agreements secure fixed-price electricity at rates averaging $65 per megawatt-hour, providing budget certainty through 2040 while locking in renewable energy certificates for sustainability reporting compliance.
Corporate procurement has fundamentally transformed from opportunistic buying to strategic energy planning,” said Dr. Elena Vasquez, Chief Commercial Officer of Atlantic Offshore Energy Partners. “These 15-year commitments provide the revenue certainty developers need to secure project financing while delivering the price stability and carbon-free attributes our customers demand. We’re seeing sophisticated buyers structure contracts that align with their facility operations and sustainability targets, not just purchasing power.
Market data from the American Clean Power Association shows corporate buyers have contracted more than 100 gigawatts of clean energy capacity over the past decade, accounting for 41 percent of all renewable capacity added to the U.S. grid. Offshore wind specifically is gaining share as installation costs decline and transmission infrastructure improves. Global Market Insights projects the offshore wind sector will grow from $55.9 billion in 2024 to $298.8 billion by 2034, expanding at a 14.6 percent compound annual growth rate, driven by favorable policies and increasing electricity demand.
The contracts announced this quarter will support development of three major offshore wind projects in the U.S. Northeast and one in the Mid-Atlantic, collectively creating an estimated 12,000 construction jobs and 800 permanent operations positions. Once operational, these facilities will generate enough clean electricity to power 1.8 million homes while avoiding 23 million metric tons of carbon emissions annually. Project developers emphasize that long-term corporate commitments were essential to reaching final investment decisions, with offtake agreements reducing financing costs by an estimated 150 to 200 basis points compared to merchant projects.
About Atlantic Offshore Energy Partners
Atlantic Offshore Energy Partners develops, constructs, and operates utility-scale offshore wind projects along the U.S. East Coast. With a development pipeline exceeding 5 gigawatts, the company specializes in corporate power purchase agreements and delivers comprehensive energy solutions to commercial and industrial customers. Atlantic Offshore Energy Partners is jointly owned by leading European renewable energy developers and North American infrastructure investors.
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