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29 Mar 2023

What can the US Offshore Wind market learn from Europe?

Amdy Malpas TL

As the US stands on the brink of becoming a major player in offshore wind energy production, it is critical to ensure an effective supply chain. Examining what has been successful—and not so successful—in other regions could be the key for the US to bring a more holistic and open approach to offshore wind project development.

In a recent article for Wind Power Engineering & Development, our US Offshore Wind Market Leader, Andy Malpas analysed some of the fundamental elements that have enabled Europe to remain successful in the industry and outlined what needs to be replicated in the US to become a leader in offshore wind energy production.

"Current project demand, a healthy list of upcoming lease auctions, and the investment stimulus provided by the Inflation Reduction Act means a new US supply chain is firmly on its way. A recent report by NREL estimates that to meet the current 30GW by 2030 target, the US needs at least 2,100 turbines and foundation structures, 6,800 miles of cables, 26 installation and transport vessels, 70 crew and service vessels, and an annual workforce of up to 49,000 people. The report also estimates that upwards of $22bn of investment is needed in manufacturing and port development to establish a domestic supply chain by 2030."

Read the full piece here.

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