Market Report on major US Offshore Wind opportunities
In a New Market Report on major US Offshore Wind opportunities, Team Norway in North America has produced a report that highlights the opportunity areas for the Norwegian offshore wind industry.
This report aims to assist suppliers to monitor project development progress and quantify the accessible market in terms of schedule and scope. The objective of this US offshore wind market report is to provide context and overview as a static document; however, equally highlighting dynamic information sources to enable the reader to follow the rapidly changing industry in a timely fashion. The document is available for all Norwegian companies
There is a green new wave flowing through the United States, creating opportunities for Norwegian offshore wind supply chain providers. The long awaited offshore wind project pipeline has now firmly established itself, particularly on the East Coast where several states have committed to more than 29,000 MW of offshore wind targets by 2035, with additional plans in the works, likely leading to an overall target of more than 40,000 MW. California is aiming to follow and is currently lobbying to pursue 10,000 MW by 2040. From a supply chain point of view, active projects with lease areas and signed offtake agreements represent the most important leading indicator: currently we have more than 9,000 MW of such projects to be executed between 2023 and 2026. Current offtake solicitations in New York, New Jersey, Maryland and Rhode Island are expected to be confirmed by 2021 and deliver an additional 6,000 MW of active projects
Introduction
Download the report as a PDF
Overview
Maine
New Hampshire
Massachusetts
Rhode Island
Connecticut
New York
New Jersey
Maryland
Virginia
North Carolina
South Carolina
Oregon
California
Gulf of Mexico OSW Targets & Policy
Outline of Primary Offshore Wind Regions
BOEM Lease Area Status
Offshore Wind Lease Area Calculator
BOEM Lease Area Outlook
Installation Pipeline
Executed Offtake Agreements
Anticipated Offtake Solicitations
Transmission and Interconnection
Anticipated Sustainable Yearly Volume in MW
Introduction
Generic Scope Segmentation
Accessible Market for most Relevant Scope
Local Content Policy
Offshore Wind relevant Government Agencies
National and Regional Supporting Organizations
Overview
Contact our advisors
Tony Raposo
Rebecca Scheel