USA’s Offshore Wind Titans: The Top 10 Companies Driving the Market in 2025

In 2025, the U.S. offshore wind sector has decisively pivoted from planning and permitting to large-scale, capital-intensive execution. The companies leading this charge are defined by their demonstrated ability to advance multi-gigawatt projects through construction, secure massive state-level offtake agreements, and form the strategic partnerships necessary to manage the immense financial and logistical hurdles. The dominant market theme is the mobilization of a physical supply chain and the tangible progress on foundational projects, such as Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project reaching 66% completion and Equinor closing $3 billion in financing for its Empire Wind 1 project. This shift signals a new phase of maturity for an industry critical to U.S. climate goals.

U.S. Offshore Wind: Top Companies by Activity

The leaderboard in 2025 is a mix of utility-backed mega-project developers, seasoned European energy giants, strategic financial partners, and major U.S. renewable operators. Leadership is measured not by leases held, but by projects under construction and megawatts secured through state contracts.

US Offshore Wind Company Rankings

This chart ranks the leading offshore wind companies in the U.S., directly supporting the section’s introduction to the top players driving the industry.

(Source: Airswift)

1. Dominion Energy

Dominion Energy is spearheading the largest single offshore wind project in the United States, the 2.6 GW (2, 600 MW) Coastal Virginia Offshore Wind (CVOW) project. By November 2025, the $10.7 billion venture with Stonepeak was approximately 66% complete and on schedule for full operation in 2026. The project solidifies Dominion Energy’s position as a leader in execution and scale.
Source: Dominion says largest US offshore wind project on track | Utility Dive

2. US Wind

US Wind cemented its major role in the mid-Atlantic after Maryland officials increased its capacity award to 1.7 GW (1, 710 MW) in January 2025. The project, utilizing 114 turbines, establishes a significant, long-term development pipeline across its 80, 000-acre lease area, showcasing the importance of state-level support.
Source: US Wind secures Maryland backing for 1.7 GW project – re News

3. Ørsted

As the world’s largest offshore wind developer, Ørsted is a foundational player in the U.S. market, with over 18 GW of installed renewable capacity globally. In the U.S., the company is actively developing the 704 MW Revolution Wind project off Rhode Island. Despite a temporary stop-work order in August 2025, its extensive global experience and diversified U.S. portfolio maintain its top-tier status.
Source: Revolution Wind receives offshore stop-work order from US … – Ørsted

4. Equinor

The Norwegian energy firm is developing the landmark Empire Wind project for New York. In January 2025, Equinor closed on $3 billion in financing for the 810 MW first phase, Empire Wind 1. This milestone is a critical step in advancing one of the most significant U.S. offshore wind projects, essential to New York’s clean energy ambitions.
Source: Equinor Closes on $3 Billion Financing for NY Offshore Wind Project

5. Avangrid

Avangrid is the developer behind the nation’s first permitted commercial-scale project, the 800 MW Vineyard Wind 1, which has already begun delivering power to the Massachusetts grid. The company is also advancing its New England Wind projects, positioning it as a key developer in the critical New England market.
Source: US Offshore Wind Construction Plots Growth Course in Spite of …

6. Stonepeak

As an infrastructure-focused private equity firm, Stonepeak represents the crucial role of private capital. Its most significant contribution is as a 50% partner in Dominion Energy’s massive 2.6 GW, $10.7 billion Coastal Virginia Offshore Wind project, demonstrating how financial partners are enabling the sector’s largest undertakings.
Source: 10 US wind energy projects starting in 2026 and beyond – Airswift

7. Ocean Winds North America LLC

A joint venture of international energy firms, Ocean Winds North America LLC is developing the South Coast Wind project in New England. Its participation highlights the trend of global players combining technical expertise and financial power to compete for and develop U.S. offshore wind leases.
Source: Trump Administration Now Targets Permits of 5-GW Wind Projects …

8. Next Era Energy Resources

Next Era Energy Resources holds North America’s largest market share of wind capacity and is a global leader with 28 GW in total solar and wind capacity. While its offshore-specific projects are less prominent, its immense scale, operational expertise, and strong balance sheet make it a formidable potential force in the sector.
Source: Utility Scale Renewables | Next Era Energy Resources

9. Clearway Energy Group

As one of the largest renewable energy owners in the U.S., Clearway Energy Group operates over 11.8 GW of projects. Wind power is a significant part of its portfolio, with 3.5 GW of installed capacity, giving the company the financial backing and operational experience to expand into the offshore market.
Source: List of the 140 largest US wind farm developers [2026]

10. Invenergy

A major private U.S. renewable developer, Invenergy affirmed its commitment to offshore wind by securing a portion of a 3, 742 MW capacity award in New Jersey for its Leading Light Wind project in January 2025. This award cements its position as a key domestic developer, even as the industry navigates the complexities of project viability that have led to some high-profile cancellations.
Source: NJDEP| Offshore Wind | Home

Table: Top 10 U.S. Offshore Wind Companies in 2025

Beyond Development: Diverse Roles Signal Market Specialization

The 2025 landscape reveals a sophisticated industry ecosystem with specialized roles. Leadership is no longer confined to leaseholders alone. The list includes Mega-Project Developers like Dominion Energy and US Wind, which are executing single, massive projects. It also features experienced East Coast Power Players like Ørsted and Equinor, which leverage global portfolios to de-risk their U.S. expansion. Critically, Strategic Capital Partners like Stonepeak have emerged as kingmakers, providing the billions in private equity required to turn plans into steel in the water. Finally, established Major U.S. Renewable Operators such as Next Era Energy and Invenergy bring vast domestic development experience and balance sheets that position them as formidable competitors.

The East Coast Power Corridor

The geographic focus of the U.S. offshore wind market is sharply concentrated along the Atlantic coast, particularly in a corridor stretching from Virginia to Massachusetts. This is not accidental. The leadership of companies like Dominion in Virginia, US Wind in Maryland, Equinor in New York, and Avangrid in Massachusetts is a direct result of ambitious state-level policies and procurement mechanisms. These states have provided the revenue certainty through offtake agreements that developers need to secure financing for multi-billion-dollar projects. This regional concentration highlights a market driven by state-level demand rather than a purely federal push, creating powerful, localized hubs of activity and investment.

From Blueprints to Billions: A Sector in Execution Mode

The activities of the top companies in 2025 confirm that the U.S. offshore wind industry has reached a new stage of technological and financial maturity. The conversation has shifted from speculative leasing to concrete execution. Milestones like Dominion’s CVOW project reaching 66% completion, the first power delivery from Avangrid’s Vineyard Wind 1, and Equinor’s successful $3 billion financing for Empire Wind 1 are hard evidence of this progress. Furthermore, the development of a domestic supply chain, highlighted by the construction of the first U.S.-flagged turbine installation vessel for the CVOW project, shows the market is building the long-term infrastructure needed for sustained growth across a pipeline of over 73, 000 MW.

North American Market Set for Explosive Growth

This forecast visualizes the “billions” mentioned in the heading, showing the North American market is projected to reach over $51 billion, which reflects the sector’s shift to execution mode.

(Source: Market Data Forecast)

The Path Forward: Domestic Supply Chains and Enduring Leadership

Looking ahead, the competitive landscape will be shaped by two key factors: continued success in project execution and the build-out of a domestic supply chain. The industry’s focus is on moving beyond reliance on European assets by investing in U.S. ports, manufacturing, and specialized vessels. In this environment, two clear leaders set the pace. Dominion Energy’s advantage is its unmatched scale and integration as a utility owner-operator executing the nation’s largest project. Ørsted’s strength lies in its deep global expertise and a diversified U.S. portfolio, which allows it to absorb project-specific risks while advancing on multiple fronts. The success of these leaders, and the ecosystem of partners supporting them, will determine the trajectory of the U.S. offshore wind market for the remainder of the decade.

Global Turbine Supply Dominated by Chinese Firms

This chart highlights the global manufacturing landscape, providing critical context for the section’s discussion on the strategic necessity for the U.S. to build its own domestic supply chain.

(Source: Windletter – Substack)

Frequently Asked Questions

Which company is leading the U.S. offshore wind market in 2025?

Dominion Energy is considered a leader due to its execution of the largest single offshore wind project in the U.S., the 2.6 GW Coastal Virginia Offshore Wind (CVOW). The article highlights that leadership is measured by projects under construction, and by late 2025, Dominion’s project was approximately 66% complete.

Why is 2025 a significant year for the U.S. offshore wind industry?

In 2025, the industry has decisively shifted from planning and permitting to large-scale construction and execution. This is demonstrated by major milestones like the advanced construction of Dominion’s CVOW project, Equinor closing $3 billion in financing for Empire Wind 1, and Avangrid’s Vineyard Wind 1 delivering power to the grid.

What is the role of a company like Stonepeak in the offshore wind sector?

Stonepeak represents the crucial role of ‘Strategic Capital Partners’ or private equity firms. Its most significant contribution is its 50% partnership in Dominion Energy’s massive $10.7 billion Coastal Virginia Offshore Wind project, showing how financial partners provide the billions in capital necessary to build these projects.

Where is most of the offshore wind development happening in the U.S.?

The market is sharply concentrated along the Atlantic coast in a corridor from Virginia to Massachusetts. This is because states in this region, such as Virginia, Maryland, New York, and Massachusetts, have created strong state-level policies and offtake agreements that provide the revenue certainty needed for development.

Besides Dominion’s project, what are other key offshore wind projects mentioned for 2025?

Other key projects include Equinor’s 810 MW Empire Wind 1 in New York, Avangrid’s 800 MW Vineyard Wind 1 in Massachusetts (the first to deliver commercial-scale power), US Wind’s 1.7 GW project for Maryland, and Ørsted’s 704 MW Revolution Wind project off Rhode Island.

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