Page 12: of Offshore Engineer Magazine (Mar/Apr 2022)

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MARKET REPORT U.S. OFFSHORE WIND © Ian Dyball/AdobeStock

What to expect from the U.S.

Offshore Wind

Market This Year

Af er many false starts, the U.S. of shore wind market is building strong roots for a solid future. But as the market develops from its current northeast and mid-

Atlantic niche new opportunities and challenges arise.

By Philip Lewis, Director Research, Intelatus Global Partners he U.S. offshore wind market has long been federal permitting review, 17.5 GW of project capacity has seen as not delivering on its signi? cant poten- secured offtake commitments from states, auctions con- tial. With an offshore wind technical potential taining 12-to-16 GW of potential will be concluded before

T of more than double that of the country’s total the end of this year, longer term leasing plans for the Gulf annual electricity sales, the U.S. has long been seen as hav- of Mexico, the Central Atlantic, Oregon and the Gulf of ing the potential to be a major player in the global offshore Maine are being developed for auctions before the end of wind market. However, until recently, the promise was not 2024, turbine component, foundation, and cable factories translating into reality. and Jones Act wind farm vessels are being built in the U.S.

But the last 12 months have changed this view, and and offshore wind port development is accelerating. there is reason to be much more optimistic. In this article we discuss some of the key themes, op-

Two major OCS projects with around 940 MW of ca- portunities and challenges for U.S. wind going forward. pacity have reached FID and have commenced onshore These themes are addressed in detail in our monthly U.S. construction, more than 15 GW of projects are undergoing offshore wind report and online project database.

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