Offshore Wind Market Report: 2024 Edition

The Offshore Wind Market Report: 2024 Edition provides detailed information on the U.S. and global offshore wind energy industries to inform policymakers, researchers, and analysts about technology, economic, and market trends. The report provides the status of more than 322 operating offshore wind energy projects in the global fleet through Dec. 31, 2023, as well as the broader global pipeline of projects in various development stages. To provide current information and discussion on the emerging offshore wind industry in the United States, this report tracks significant U.S. domestic progress and events from Jan. 1, 2023, to May 31, 2024. …

Offshore Wind Development Program: Scenarios for Offshore Wind Development in Brazil

Brazil possesses an abundance of natural resources that contribute to meeting its energy demand. Thanks to a traditional base of hydroelectric power and the more recent development of onshore wind and solar, Brazil enjoys one of the world’s cleanest and most cost-competitive generation mixes. Brazil also happens to have one of the world’s best offshore wind resources.

This offshore wind resource is vigorous, consistent, geographically diverse, and located close to demand centers; all factors that suggest that offshore wind could figure prominently in the country’s long-term energy mix. At the same time, the first offshore wind projects will have a …

Increases of Offshore Wind Potential in a Warming World

Offshore wind farms, a rapidly expanding sector within wind energy, are playing a significant role in achieving global carbon neutrality, and this trend is to continue. Here, we utilize ERA5 reanalysis to correct offshore wind speed trends predicted by CMIP6 models. This approach led to enhanced projections for changes in offshore Wind Power Density (WPD) under four Shared Socioeconomic Pathways (SSPs) scenarios.

Throughout the 21st century, global offshore WPD is projected to follow an upward trend across all SSP scenarios. Notably, Europe stands out with the most substantial increase in offshore WPD among regions with higher current installations, projected to …

2024 (Q2) U.S. Offshore Wind Quarterly Market Report

Oceantic Network releases its U.S. Offshore Wind Quarterly Market Report in April, July, October, and January. Each builds off our U.S. Offshore Wind Annual Market Report and provides key analysis of both federal and state government activities impacting the U.S. offshore wind industry. Quarterly Reports ensure companies are informed on offshore wind industry developments affecting their business.

Learn about project development updates, including information about the Coastal Virginia Offshore Wind Project, Revolution Wind, and Vineyard Wind, which are undergoing installation activities on the East Coast, with South Fork Wind already complete and delivering power to the grid. Once installation on …

Floating Offshore Wind Shot: Progress and Priorities

In June 2021, the U.S. Department of Energy (DOE) launched the Energy Earthshots™ Initiative to accelerate breakthroughs of more abundant, affordable, and reliable clean energy solutions within the decade. Energy Earthshots set ambitious targets to address tough technological challenges and cost hurdles, and rapidly advance solutions to help achieve the nation’s
clean energy and economic competitiveness goals.

This report focuses on the Floating Offshore Wind Shot™, announced in September 2022,
and describes progress since this Energy Earthshot was established and identifies priorities for future work. The Floating Offshore Wind Shot is a multiagency initiative, leveraging resources and authorities across DOE, …

U.S. Offshore Wind Quarterly Market Report

Oceantic Network releases its U.S. Offshore Wind Quarterly Market Report in April, July, and October. Each report builds off our U.S. Offshore Wind Annual Market Report and provides key analysis of both federal and state government activities impacting the U.S. offshore wind industry. The quarterly reports ensure companies are informed on offshore wind industry developments affecting their business.

Notable milestones for the first three months of 2024 include Ørsted and Eversource’s completion of South Fork Wind project in March. Next up is Vineyard Wind, to be completed later this year, which also began delivering power to the grid. Meanwhile, two …

Philippine Market Movers: An Analysis of Three High Potential Areas to Accelerate the Offshore Wind Market in the Philippines

With over 36,000 kilometers of coastline and an estimated total technical potential of 178 gigawatts (GW), offshore wind is gaining attention in the Philippines to improve energy security, lower electricity costs, reduce greenhouse gas emissions, and promote economic growth. With the expected depletion of the Malampaya natural gas field — which supplies fuel for roughly 20 percent of the country’s electricity — by the end of the decade, a looming energy crisis has highlighted the need for accelerated large-scale renewable energy development.

To show the government’s commitment, the country has set a goal of sourcing 35 percent of its energy …

Biden-Harris Administration Releases Offshore Wind Liftoff Report and $48 Million in New Funding to Accelerate Technology and Manufacturing

The U.S. Department of Energy (DOE) released a new report in its Pathways to Commercial Liftoff series, highlighting the U.S. offshore wind sector’s readiness to overcome challenges and achieve significant growth. The report indicates that the sector is on the brink of substantial expansion, with plans to create tens of thousands of well-paying jobs and provide clean energy to millions of Americans. It outlines a strategy for deploying over 100 gigawatts (GW) of offshore wind capacity by 2050. The projects initiated in the coming years will establish a foundation for sustained long-term deployment, contributing to decarbonization and economic benefits nationwide. …

Autonomous Thermal Tracking Reveals Spatiotemporal Patterns of Seabird Activity Relevant to Interactions with Floating Offshore Wind Facilities

The development of offshore wind (OSW) energy along the U.S. West Coast and the Pacific Ocean is underway, distinct from the nearshore wind farms of the North Atlantic. This new endeavor poses unique challenges for seabird populations in these regions, which engage in dynamic soaring—a flight behavior influenced by wind and height. Assessing the collision risks posed by OSW turbines to these birds requires a detailed understanding of their 3D airspace use.

To address this need, the ThermalTracker-3D (TT3D), an innovative technology utilizing thermal imaging and stereo vision, was created to track seabird flight paths with high resolution (±5 meters). …

Advancing the Growth of the U.S. Offshore Wind Industry: Federal Funding and Incentives

The Biden-Harris Administration is using every tool available to grow an American offshore wind industry that will power millions of homes with clean electricity, create thousands of good paying jobs across the country, and strengthen our energy security while reducing dangerous climate pollution.
President Biden’s Investing in America agenda includes historic support for offshore wind
development. This document highlights key programs from the Inflation Reduction Act and Bipartisan Infrastructure Law, as well as other resources from the Departments of the Interior, Energy, Commerce, and Transportation available to support the Administration’s goals of deploying 30 gigawatts of offshore wind by 2030 …