Page 34: of Marine News Magazine (May 2025)

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Column

Offshore Wind

Charting the Evolving

U.S Offshore Wind Landscape

By Philip Lewis, Research Director at Intelatus Global Partners

Only four or ? ve months ago,

Updated forecast based on Trump administration actions the U.S. offshore market seemed poised to embark on a • The overall pipeline has fallen to ~86 GW phase of major expansion to become one of the world’s and ~5,680 turbines. largest markets for offshore wind installations. How things • The revised forecast is for ~15 GW of capacity have changed with the swearing in of the new Trump and ~1,100 turbines to be grid connected by

Administration, which clearly promoted and followed 2035, ~43 GW less than the previous forecast. through on its anti-offshore wind stance during the elec- • As a result of the uncertainty developers have tion campaign. The table below summarizes the high-level deferred investment plans and several manufac- impacts to the U.S wind forecast since January. turing facility investments have been cancelled.

Previous administration “business as usual” case The long-term pipeline still amounts to ~85 GW of in- • Set goals to reach 30 GW of offshore wind by stalled capacity, but much of this is forecast to be commis- 2030 and 110 GW by 2050. sioned late in the next decade, going into the 2040’s.

• Developers proposed a pipeline of over 100 GW The high-level message is that there will be no new per- of project capacity and ~6,800 turbines to be mitting, no new project approvals and more legal challeng- installed, of which ~58 GW to be commissioned es to existing project approvals, resulting in limited activity by 2035. and higher developer risk for at least the next four years. • Behind the targets were commitments to invest Uncertainty has increased and con? dence in the segment in locally built vessels and multiple turbine, has been thoroughly shaken.

monopile and subsea cable factories. In our latest U.S. market report, Intelatus Global Part- © Ian Dyball/AdobeStock 34 | MN May 2025