Power offshore wind’s biggest era of development
The Inflation Reduction Act and the Department of Interior’s investment in offshore wind have supercharged project development and domestic supply chains. Yet, every breakthrough has been diminished by a gridlock of industry pressures. At this critical inflection point, the challenges are clear: Permit-to-project processes must be fast-tracked; Turbine and grid technology must grow and modernize; Governmental support and financing methods must be clarified.
To unlock the $70 billion CAPEX opportunity for supply chain activity, these blockers must be urgently addressed. Only by uniting the most influential players can we alleviate regulatory pressures, reinvent cost strategies, and unleash project buildout. The time is now – power offshore wind’s biggest era of development and unlock the 1000GW of untapped project potential at Reuters Events: US Offshore Wind 2023.