Offshore wind has matured in northern Europe and its development is accelerating in other geographies. As costs are falling and its competitiveness is increasing, many markets in Europe, the United States, and Asia are betting big on both bottom-fixed and floating technologies. However, increasing complexity, supply chain bottlenecks, insufficient infrastructure, and high commodity prices can slow down its development. What are the key challenges the industry will face? How can mature and emerging markets address them to meet the relatively lofty offshore wind ambitions?