Full Title: Suppliers’ Guide To Success: Smart Scaling For The U.S. West Coast Floating Wind Market
Author(s): The West Coast Supplier Council
Publisher(s): Oceantic Network
Publication Date: May 15, 2024
Full Text: Download Resource
Description (excerpt):
Oceantic Network’s new report, Suppliers’ Guide to Success: Smart Scaling for the U.S. West Coast Floating Wind Market, analyzes the requirements for a full buildout of floating offshore wind on the West Coast and proposes solutions to industry and government that will allow the sector to flourish.
The paper covers several key actions West Coast policymakers can take to ensure the region can become a global leader in floating offshore wind:
– Prioritize investments in port and transmission infrastructure.
– Structure offtake awards in a way that emphasizes project deliverability.
– Establish a firm, steady, and long-term procurement schedule for offshore wind power.
The paper condenses lessons learned from offshore wind policy regimes on the East Coast and around the world with the goal of avoiding unnecessary pitfalls for West Coast offshore wind deployment. It also details the current market landscape that underpins the region’s opportunity and the work already done to get the industry where it is. Findings were produced with the help of the Network’s West Coast Supplier Council, a group of companies focused on the unique needs and development of the region’s offshore wind sector and its supply chain.