As we reach the end of another tumultuous year in the offshore wind industry, stakeholders must be wondering what the true picture looks like. Among the news of auctions finding no bidders and turbine manufacturers losing billions of dollars, new projects are still being announced almost daily.

A true picture is difficult to gauge, especially when different corners of the globe are in quite different phases of development.

Philip Lewis, director research at Intelatus Global Partners, spends a lot of time looking at the various factors involved. He spared some time with maritime journal to give his company's perspective, and we talked about competition from China, port infrastructure in North America, the growing size of wind turbines, and a lot more.