Full Title: Supply Chain Contracting Forecast for U.S. Offshore Wind Power
Author(s): Stephanie A. McClellan, Ph.D.
Publisher(s): University of Delaware’s College of Earth, Ocean and Environment
Publication Date: March 26, 2019
Full Text: Download Resource
America’s growing offshore wind power industry — now projected to generate 18.6 GW of clean, cost-effective power in seven states on the Atlantic Seaboard by 2030 — is presenting a nearly $70 billion CAPEX revenue opportunity to businesses in the offshore wind power supply chain over the course of the next decade.
In this white paper, the Special Initiative on Offshore Wind (SIOW) quantifies the extensive supply chain business opportunities this $70 billion CAPEX is creating to build out the U.S. offshore wind sector between now and 2030, with quantification broken down by industry component, by state, and by year through 2030.
As such, SIOW’s first-of-its-kind analysis offers a road map on the timing and pace of power and supply chain contracting prospects for U.S. offshore wind power suppliers and vendors. The analysis also provides an overview for states looking to attract supply chain facilities and build necessary infrastructure for offshore wind industry development.