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Building a National Network of Offshore Wind Ports

Building a National Network of Offshore Wind Ports

Full Title: Building a National Network of Offshore Wind Ports
Author(s): Brian Sabina
Publisher(s): Business Network for Offshore Wind
Publication Date: September 25, 2023
Full Text: Download Resource
Description (excerpt):

The Network’s report, Building a National Network of Offshore Wind Ports: A $36B Plan for Domestic Clean Energy Infrastructure highlights the urgent need for both public and private investment in the port infrastructure projects needed to meet the U.S.’s offshore wind power generation goals. Authored by Brian Sabina, CEO of Clean Energy Terminals and the Network’s Ports Working Group, the report lays out a $36 billion plan for developing domestic port infrastructure to help the U.S. reach its offshore wind deployment goals of 30 GW by 2030 and 110 GW by 2050. It offers practical cost and timing requirements for needed projects to ensure ports are ready to meet current and future demand. The report also outlines nine approaches state and federal policymakers could take to encourage private investment, either by subsidizing portions of the infrastructure costs or by de-risking projects to drive confidence and cost-efficiency.

While development of the U.S. offshore wind industry has accelerated rapidly in the past two years, the industry’s long-term ability to scale and meet demand faces key bottlenecks and hurdles. That includes the U.S. port infrastructure system, which is currently unable to support projected offshore wind component manufacturing and project deployment. Already, more than $2.5 billion has been invested in U.S. ports, but unleashing the full potential of the industry requires a new understanding of long-term port requirements needs and development timelines to enable sustainable offshore wind growth that will create thousands of manufacturing, logistics, and operations jobs.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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