Info Bite – from USOW19 Post Conference Report

 
Overview of US OW Targets

 

It is hard to overstate the level of excitement surrounding the US offshore wind industry in 2019. After years of false starts and broken promises, there is not only steel in the water but also a growing wave of federal and state-level support for offshore wind. As of June 2019, seven states on the East Coast had committed to building more than 20 GW of capacity by 2035. In a sign of how support is growing, around 5 GW of that 20 GW of capacity was pledged after January 2019.

“Offshore wind has market support and momentum in state houses that just won’t quit,” says Stephanie McClellan, executive director for the Special Initiative on Offshore Wind at the University of Delaware’s College of Earth, Ocean and Environment.

Bloomberg New Energy Finance, the analyst firm, is predicting a gradual ramp-up of 1 GW to 2 GW of capacity a year in 2021 and 2022. The pace of development is expected to pick up as developers bring down permitting process timelines from between seven and 10 years to between five and seven. “

Here is how the states commitments are shaping up:

The US offshore wind market is probably the most rapidly-developing renewable energy sector in the world. Follow #USOW20 for the latest news and expert opinions.

 

This is a digest of information available exclusively to attendees of the USOW19 conference. Sign up for next year's brochure here to ensure you do not miss out.

 

Your Gateway into the U.S. Offshore Wind Industry - Boston June 18-19, 2020

Join us at USOW20, the premier conference for businesses that are looking to invest, find partners or secure contracts in upcoming U.S. offshore wind projects. With over 2000 attendees and major decision-makers present, this is the most compelling event for anyone wanting in-depth insight into the expanding U.S. offshore wind market. Click here to find out more.

By Julian Jackson – writer on technology, arts, blockchain and cryptocurrencies

 


View More Articles


Download the Brochure Banner


Download the Brochure Banner