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Is Offshore Wind Finally Coming to America?

  • This week on The Energy Gang: why the momentum on offshore wind might be real this time.

The lack of progress on offshore wind in America is one of the most perplexing stories in energy.

The technology and resource availability are tremendous. Europe has de-risked the technology and proven it can be deployed at scale, and at low cost, with minimal disruption. U.S. states are setting big targets. And at a national-scale, people want it.

And yet, we have not been able to get any meaningful amounts of offshore wind capacity in the water.

Offshore Wind Market - Global forecast to 2026

Offshore Wind Market - Global forecast to 2026

by Component (Turbines (Nacelle, Rotors & Blades, Tower), Substructure, Electrical Infrastructure), Location (Shallow Water, Transitional Water, & Deepwater) and Region (North America, Asia Pacific, & Europe)

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That may be about to change. In late March, the Biden team said it plans to accelerate offshore wind development -- with a goal of getting 30 gigawatts of projects finished by 2030, and 110 gigawatts by 2050.

By comparison, we have 30 megawatts in the water now. And Europe currently has 25 gigawatts operational. So what does the government need to do to finally make this industry a reality?

 

Source: Green tech media
Date: May 10, 2021


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