Despite the current obstacles of slow permitting and rising costs, the U.S. offshore wind industry is picking up pace. The Biden Administration has taken great strides forward with ambitious offshore wind targets as well as several initiatives and incentives which should encourage private sector investment and streamline the development process for the offshore wind farms of the future. Slowly but surely the industry is also building up strong supply chains and sound infrastructure. The signs are positive and point to one overall conclusion: the offshore wind industry will be a central component of the U.S.’ clean energy future. Read our latest clean energy research to learn more.
Related articles
In a recent whitepaper, we present an outlook on the cost of power generated from key renewable technologies: solar PV, onshore wind and offshore wind.
Biff Ourso, Joost Bergsma and Don Dimitrievich were recently featured in Infrastructure Investor’s 2024 Energy Transition report.
Nuveen’s Don Dimitrievich recently shared insights in Infrastructure Investor’s debt report, including his view that despite a volatile economic environment, infrastructure debt allows investors to find opportunity in the gaps. Read the full Q&A to find out more.
