To date, most of the existing wind farms have been built on-land but during the last few years many countries have also invested in offshore applications. The shift towards offshore wind project developments has mainly been driven by European energy policies, especially in north-west countries. In offshore sites the winds are stronger and steadier than on-land, making wind farms more productive with higher capacity factors. On the other hand, although offshore wind energy is not in its infancy period, most of the costs associated with its development are still much higher from onshore counterparts; however some recent technological progress may have the potential to narrow this gap in the years to come. In the present work, an overview of the activity noted in the field of offshore wind energy is carried out, with emphasis being given on the current status and future trends of the technology employed, examining at the same time energy production and availability issues as well as economic considerations. (C) 2012 Elsevier Ltd. All rights reserved.