And the country’s offshore energy industry has traditionally focused on oil and gas. Europe’s homegrown offshore wind giants, such as Norway’s Equinor and Denmark’s Ørsted, are likely vendors for the buildout, said Gaurav Purohit, the Germany-based vice president of European asset finance at the credit-ratings agency Morningstar DBRS. While China’s soaring offshore wind companies are looking to enter the European market, ​“I do think European developers will benefit more,” Purohit said. Ireland, which already has a large onshore wind industry, has 7 gigawatts of offshore turbines approved. ​“It’s a massive step for Ireland in terms of providing that enabling architecture to access the European market.