Page 28: of Maritime Reporter Magazine (June 2022)

Markets: O? shore Wind

US Offshore Wind Segment

Showing No Signs of Slowing Down

By Philip Lewis, Director of Research, Intelatus Global Partners he U.S. offshore wind segment shows no signs of federal permitting review and 17.5 GW of project capacity has slowing on its journey to deploy 30 gigawatts (GW) secured offtake commitments from states. The Bureau of Ocean of offshore wind by 2030 and 110 GW by 2050. Energy Management (BOEM) has completed a successful Caro-

TBased on current project activity we anticipate lina Long Bay auction and has launched the leasing process for around 60 GW of offshore wind capacity to be installed by 2035. over 4.5 GW of ? oating wind capacity offshore California, while

By 2035, we will see offshore wind turbines operating in the further auctions are planned for the South Atlantic, the Gulf of

Atlantic and the Paci? c and probably the Gulf of Mexico. We Mexico, the Central Atlantic, Oregon and the Gulf of Maine be- will also see an emergence of commercial scale ? oating wind fore the end of 2024. In addition, an unsolicited request has been farms around the end of the decade. Floating wind farms bring submitted to develop a 2 GW ? oating wind farm in Washing- a whole range of interesting technical challenges and opportuni- ton State. Meanwhile, turbine component, foundation and cable ties for the supply chains that are currently not seen with the factories and Jones Act wind farm vessels are being built in the

Atlantic bottom-? xed projects. U.S., and offshore wind port development is accelerating.

Among foundations for the positive outlook, two major Outer Intelatus Global Partners has just released the latest in its series

Continental Shelf (OCS) projects with around 940 megawatts of market reports identifying the opportunities and challenges (MW) of capacity have reached ? nal investment decision (FID) associated with the U.S. offshore wind industry. Our forecast ac- and have commenced onshore construction, 11 OCS develop- counts for projects that will install close to 70 GW of capacity in ments with a potential for more than 17 GW are undergoing this and the next decade. The forecast capacity will require capi-

Copyright weyo/AdobeStock 28 Maritime Reporter & Engineering News • June 2022

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