Tuesday, June 30, 2020

By 2029, Half of New US Wind Installations Will Be Offshore

In New England and New York, 80 percent of wind build through 2026 will be located offshore.
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.

For the rest of the story visit: https://2029Halfof WindOffshore