An analysis of the drivers and forecast of offshore wind activity in the United States over the next decade.
The US offshore wind market development continues to pick up speed. A major OCS project has reached FID, nine OCS projects are under final review, 14.3GW of project capacity has secured offtake commitments, 16.6GW of new OCS leasing activity in the northeast, South Atlantic and California is underway, turbine component, foundation, and cable factories are being built in the US, and offshore wind port development is accelerating.
Our forecast has increased to 45 projects that will install 47GW of capacity in this and the next decade – and will require CAPEX amounting to $142 billion to bring onstream, a recurring annual OPEX of $4.8 billion once delivered, and $21 billion of DECEX at the end of commercial operations.
All is discussed in the October WER report. Also in the data section of the report are details for 45 developments: