• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
13 Canadian Fossils Linked to Massive Losses in Western Wildfires May 27, 2023
‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair May 23, 2023
Ontario Overrules Cities to Push Gas Plant Expansions May 23, 2023
Climate Concerns Drive Job Choices for 40% of Workers Under 40 May 23, 2023
PEROVSKITES: Qcells Plans First Production Line for ‘Miracle’ Solar Cell May 23, 2023
Next
Prev

Report Lays Out $68-Billion Opportunity for U.S. Offshore Wind Suppliers

May 12, 2019
Reading time: 2 minutes

Kim Hansen/Wikimedia Commons

Kim Hansen/Wikimedia Commons

1
SHARES
 

A flurry of state-level commitments to offshore wind in the United States adds up to US$68.2-billion in contracts to build 18.6 gigawatts of new capacity through 2030—but only if investors can see the opportunities shaping up, according to a University of Delaware report last month that aimed to provide a “first-of-its-kind singularity” into the supply chains that will drive the industry.

The university’s Special Initiative on Offshore Wind (SIOW) compiled the report because potential investors needed “a much greater level of clarity and transparency on the U.S. market and how it is likely to unfold, especially in the near term,” project director and lead author Stephanie McClellan told Greentech Media.

  • Be among the first to read The Energy Mix Weekender
  • A brand new weekly digest containing exclusive and essential climate stories from around the world.
  • The Weekender:The climate news you need.
Subscribe

Otherwise, she warned, “we are likely to have very limited competition, not only among developers but in the supply chain for folks like turbine manufacturers and other [original equipment manufacturers] who might say, ‘If we don’t know that there’s a market there, why should we spend our time there when we could spend our time in Europe?’”

The big dollar figure in the report includes 1,700 offshore wind turbines and towers worth $29.6 billion, 1,750 offshore turbine and substation foundations at $16.2 billion, 5,000 miles of cabling at $10.3 billion, 60 onshore and offshore substations at $6.8 billion, and another $5.3 billion for marine support, insurance, and project management. The report projects business volumes by state and by year, with Connecticut and New York each expected to schedule hundreds of megawatts of new capacity every two years through 2030.

McClellan said that level of detail was needed to give suppliers a chance to assess the opportunity.

“We know the lease areas. We know how much acreage has been leased. We know the project developers who have leases. We have seen timelines of proposed projects and their estimated time for operating and being in the water. And we know the large [state-level] goals,” she said, paraphrasing what she heard from the industry.

But “none of that means anything to us in trying to understand what it means in terms of a business opportunity.” They’re concerned about the timing of projects, and whether an initial flurry of activity might be followed by a lull.

Liz Burdock, CEO and president of the non-profit Business Network for Offshore Wind, said the industry “has been a black box for many U.S. companies” until now. But “European suppliers are already hitting capacity constraints, which is accelerating the search for U.S.-based solutions and provides an opportunity for American companies to enter the market.”

So “visibility and a better understanding of the timing and pace of projects allows companies to seriously consider diversifying into the industry, and to make human capital and equipment investments required to establish a U.S.-based offshore wind supply chain,” she told Greentech



in Clean Electricity Grid, Community Climate Finance, Ending Emissions, Jobs & Training, Supply Chains & Consumption, United States, Wind

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

FMSC/Flickr
Finance & Investment

Waive Debt to Unlock Urgently Needed Adaptation Funds, Researchers Urge

May 27, 2023
22
Arctic Circle/flickr
COP Conferences

‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair

May 23, 2023
396
Inspiration 4 Photos/flickr
Climate Impacts & Adaptation

Cooling Upper Atmosphere Has Scientists ‘Very Worried’

May 23, 2023
268

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Martin Davis/Facebook

13 Canadian Fossils Linked to Massive Losses in Western Wildfires

May 28, 2023
288
pixabay

Anti-Mob Laws to Prosecute Fossils, Kudos for Calgary, 113M Climate Refugees, Orcas Fight Back, and a Climate Dictionary

May 24, 2023
130
Inspiration 4 Photos/flickr

Cooling Upper Atmosphere Has Scientists ‘Very Worried’

May 23, 2023
268
University of Oxford Press Office/flickr

PEROVSKITES: Qcells Plans First Production Line for ‘Miracle’ Solar Cell

May 23, 2023
433
François GOGLINS/wikimedia commons

Corrosion Problem Shutters Half of France’s Nuclear Reactors

August 2, 2022
3.7k
Arctic Circle/flickr

‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair

May 23, 2023
396

Recent Posts

FMSC/Flickr

Waive Debt to Unlock Urgently Needed Adaptation Funds, Researchers Urge

May 27, 2023
22
Jon Sullivan/flickr

Ontario Overrules Cities to Push Gas Plant Expansions

May 23, 2023
872
Andrés Nieto Porras/wikimedia commons

‘Carbon Neutral’, ‘Net-Zero’ Claims Face Global Greenwash Crackdown

May 23, 2023
209
Activités culturelles UdeM/Flickr

Climate Concerns Drive Job Choices for 40% of Workers Under 40

May 23, 2023
160
peellden/Wikimedia Commons

Scientists Sound Alarm on Methane Emissions, Habitat Hazards at U.S. Hydro Dams

May 23, 2023
155
nakashi/flickr

Tokyo Residents Rally to Protect Trees, Stop Skyscrapers in Iconic Urban Park

May 21, 2023
483
Next Post
Pixabay

Carbon Farming Could Sequester Billions of Tonnes of CO2, with U.S. Pilot Project as One First Step

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}