The US Offshore Wind Industry: 2021 Supply Chain Opportunities
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Offshore wind industry suppliers could be forgiven for despairing of the US. The on-off nature of permitting for early projects has meant the market has been big on promise yet notably lacking in progress. But that looks set to change in 2021 with the final environmental impact authorization for the 800 MW Vineyard Wind project in Massachusetts.
The $2.8 billion development is now primed to move to financial close and is set to be just the first in a pipeline of projects estimated to be anything between 25 GW[i]and 40 GW[ii] by 2035. Vineyard Wind’s approval lends a whole new sense of urgency to move to develop a viable offshore wind supply chain on the US East Coast.
With supply chain set to be a key agenda item at this year’s US Offshore Wind virtual conference, from May 25 to 27, this paper summarizes recent developments and the outlook for suppliers.
Did you know?
US Offshore Wind developers and key stakeholders will present their plans and strategies to unleash further investment in new and existing projects at the 6th US offshore wind 2021 virtual conference and on May 25-27. Save the dates in your diary and plan to attend!