The American Clean Power Association (ACP) has released a report on the US offshore wind market revealing a pipeline of projects across 32 leases in excess of 51GW.
The Offshore Wind Market Report underscores the crucial role that states are playing in driving US offshore wind procurement.
East coast states, like New York and New Jersey, have set procurement targets totalling over 51,000MW. In total, 10 states have combined offshore wind targets of over 81,000MW.
Although the US lags behind China and the UK in terms of installed offshore wind capacity, the increasing number of projects in development signals significant progress in a sector poised to play a critical role in creating an energy system powered by clean energy, stated the ACP.
John Hensley, ACP’s VP of Research & Analytics, said: “American offshore wind power is vital to accelerating the deployment of clean energy and the industry is stepping up to the plate to invest.
“The rapid growth in the US offshore wind pipeline reflects strong federal and state government commitment to clean energy expansion and the industry’s response to those goals.
“These projects have the potential to create tens of thousands of jobs, reduce our nation’s dependence on foreign energy, provide coastal cities with reliable clean power, and help the U.S. meet its emissions reduction goals.”
The new report emphasizes the economic impact of offshore wind on domestic shipbuilding, with more than 30 new vessels currently on order or under construction to support the industry.
The domestic supply chain for offshore wind is also set for significant growth, with 14 facilities announced or under construction.
Investment announcements for major offshore wind components exceed $1.7bn and with three state solicitations pending, more supply chain investments are anticipated, bolstering the sector’s expansion.
Hensley added, “While the US offshore wind industry is making tremendous strides, it’s essential to address these challenges to ensure the long-term economic viability of these projects.
“A strong, collaborative approach between industry stakeholders and government bodies will help us tackle obstacles – like clarifying permitting processes – and realise the full potential of offshore wind as a key component of our clean energy future.”