Page 9: of Marine News Magazine (June 2023)

8 10

Price comparison of SOVs being built for the European and

U.S. offshore wind industries. ing approaches analyzed in our reports, operator demand for SOVs is forecast to grow to signi? cantly more than 20 units by 2035, with turbine manufacturers also chartering several SOVs.”

While the U.S. federal government has put in place several programs to aid developers and their supply chain partners amid rising costs, Intelatus said there are still questions about their impacts.

For example, the In? ation Reduction Act of 2022 (IRA) contains a new 10% tax credit for the domestic production of offshore wind vessels. “We understand that the imple- mentation is still being considered, and doubts remain about whether shipowners will see lower vessel pricing as a result of these tax incentives,” Intelatus said.

Source: Intelatus Global Partners © Maxim Khalansky / Adobe Stock www.marinelink.com MN 9|

MN June23 Layout 1-17.indd 9 5/19/2023 4:07:03 PM