By: Maxwell Cohen
The United States offshore wind industry is set to ramp up from near zero today to as much as 25 gigawatts in 2029, according to new Wood Mackenzie research.
That means offshore wind will capture almost half of the U.S. market for new wind power installations by the end of the decade — if the industry can avoid potential permitting and transmission capacity challenges.
On the other hand, if the market moves more slowly, the total build this decade will total just 15 gigawatts.
Today, more than 9 gigawatts of offshore wind projects are already contracted or soon to be approved in the U.S., and up to 6 gigawatts more will be solicited through 2022.
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