Navigating the Uncertain Outlook Facing Offshore Wind in the U.S.
Featuring actionable insights from state representatives, BOEM, Ocean Winds North America, Avangrid Renewables, and many others
With increased momentum spurred on from the Biden administration in 2023, the offshore wind community is set to expect an uncertain industry going forward. With setbacks like project cancellations and emerging problems with PPAs, navigating this new potential will be challenging. Despite the challenges, U.S. authorities have full faith that the goal to deploy 30 GW of offshore wind by 2030.
The offshore wind community are understandably anxious to tackle this ambitious target but are moving ahead with a collaborative approach.
We spoke to leading offshore wind professionals to deliver research findings and provide tangible next steps and actions.
Key insights to look forward to:
Senator Marc Pacheco of Massachusetts said “It’s going to be extremely important, as we move forward together as a region, to maximize the potential for offshore wind in our part of the U.S.”
In relation to collaboration to limit project cancellations, says Christopher Keams, Commissioner of Rhode Island, “We’re very excited about the future ongoing discussions and collaborations, not only about procurement but also about maximizing federal dollars from the Department of Energy transmission upgrades.”
Michael McMahon, Senior Supply Chain Development Manager, Orsted commented “I would love to see a standardization of supply chain but the greater diameter is going to generate more money.”
I hope you enjoy the findings from this research.
Reuters Events is part of Reuters News & Media Ltd, 5 Canada Square, Canary Wharf, London, E14 5AQ. Registered in England and Wales: 2505735.