Full Title: The U.S. Opportunity in Floating Offshore Wind
Author(s): Brandon Burke, Tim Fischer, Nancy Kirschner-Rodriguez
Publisher(s): Business Network for Offshore Wind, Ramboll
Publication Date: June 8, 2021
Full Text: Download Resource
Offshore wind projects are now under development along much of America’s East Coast, ranging from Maine to the Carolinas. The U.S. offshore wind industry has already seen investments exceeding $3.5 billion and the Network has tracked more than 500 supply chain contracts.
These realities highlight opportunities for state and federal policymakers to continue the Biden Administration’s tremendous early progress on offshore wind by thinking now about the future implications and necessities of deploying floating offshore wind turbines. The U.S. offshore wind industry’s ongoing momentum can be maximized by establishing mechanisms to achieve the integrated, intergovernmental coordination, planning, and strategic decision-making that will enable: (1) the U.S. to have a floating offshore wind industry that is competitive on the global stage, and (2) for states to meet their full decarbonization commitments, which likely cannot be met without deploying substantial floating offshore wind generation capacity.