A brand new report from the American Clear Energy Affiliation (ACP) tasks $65 billion in investments and 56,000 jobs in U.S. offshore wind by 2030.
At the moment, 12 gigawatts (GW) of offshore wind tasks have lively offtake agreements, together with 4 GW below lively building at Winery Wind, Revolution Wind, and Coastal Virginia Offshore Wind. Throughout 37 leases within the U.S., there are actually 56 GW (56,363 MW) of capability below growth, sufficient to energy the equal of twenty-two million houses.
Market analysts forecast that 14 GW of offshore wind shall be deployed by 2030, 30 GW by 2033, and 40 GW by 2035. These projections construct on the 7.6 GW of offshore wind tasks aiming to be operational by the tip of 2027. The Biden Administration has set a goal of deploying 30 GW of offshore wind power capability by 2030.
Former President Donald Trump, the presumptive Republican nominee, has vowed to situation an govt order focusing on offshore wind growth on “day one” if he wins a second time period.
“After the profitable start-up of the 132 MW South Fork wind farm earlier this 12 months, and with 136 MW operational at Winery Wind, offshore wind is gaining momentum with three tasks below building and thirty-seven extra in growth,” mentioned ACP Chief Coverage Officer Frank Macchiarola. “Harnessing America’s offshore wind sources will increase financial exercise, create jobs, cut back air pollution, and strengthen America’s power safety by enhancing grid reliability and power independence.”
The report additionally highlights the financial influence on shipbuilding and port infrastructure, with over 40 new vessels in progress and $3 billion in provide chain investments in 2023. Investments embody 28 Crew Switch Vessels (CTV), seven Service Operation Vessels (SOV), two varieties of set up vessels, and two tugs and two barges for offshore wind operations and upkeep. In 2023 alone, a document $3 billion was dedicated to provide chain investments, with whole infrastructure funding bulletins now exceeding $9 billion.
State solicitations within the Northeast might award extra contracts for 8,800 – 12,200 MW of offshore wind tasks in late 2024, with New Jersey main in contracted tasks and Virginia having probably the most capability below building.
Regardless of contract cancellations and rebidding in 2023, states are expediting new solicitations for offshore wind growth. The Bureau of Ocean Vitality Administration (BOEM) plans 4 lease gross sales in late 2024, opening almost 1.9 million acres for potential 20 GW of future clear energy era.
BOEM has issued a Report of Resolution for 9 lease areas involving 12 tasks as of July 5, 2024, permitting building to proceed. Moreover, seven different tasks have submitted Development and Operations Plans, with 5 receiving a draft Environmental Influence Assertion, advancing them within the allowing course of.
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