The U.S. offshore wind industry is slowly transitioning from early development to demonstration of commercial viability. While there are no projects in operation or even in the construction phase, there are nine U.S. projects in advanced development, defined as having either having been awarded a lease, conducted baseline or geophysical studies, or obtained a power purchase agreement. There are panels or task forces in place in at least 13 states to engage stakeholders to identify constraints and sites for offshore wind. U.S. policymakers are beginning to follow the examples in Europe that have proven success in stimulating offshore wind technological advancement, project deployment, and job creation.
This report is the first annual assessment of the U.S. offshore wind market. It includes the following major sections:
- Section 1: key data on the global development of offshore wind projects, with a particular focus on progress in the U.S.;
- Section 2: analysis of developments in the offshore wind technology sector;
- Section 3: analysis of policy developments at the federal and state levels that have been effective in advancing offshore wind deployment in the U.S.;
- Section 4: analysis of actual and projected economic impact, including regional development and job creation; and
- Section 5: analysis of developments in relevant sectors of the economy with the potential to affect offshore wind deployment in the U.S.