The Enterprise Community for Offshore Wind’s newest “U.S. Offshore Wind Quarterly Market Report” means that offshore wind continued its ahead progress within the third quarter regardless of extreme monetary challenges.
Notably, work continues on the nation’s first two commercial-scale tasks, and lots of different tasks have notched essential allowing milestones. For instance, Winery Wind and South Fork Wind are on the precipice of delivering their first energy to the grid, the pipeline of tasks accredited for development has tripled in measurement, and extra tasks are weeks away from reaching remaining approval.
“The U.S. offshore wind market felt its rising pains over the previous quarter, taking two steps ahead and two steps again,” says Liz Burdock, founder and CEO of the Enterprise Community for Offshore Wind. “We celebrated our first two utility-scale tasks on the verge of delivering energy to the grid, a monumental milestone a decade within the making – however concurrently endure venture delays and continued provide chain challenges.”
Together with regular progress on the primary commercial-scale tasks and a flurry of venture approvals, the third quarter noticed California transfer nearer to offshore wind deployment, with new authority to purchase energy technology, in addition to New England states strengthen their collaboration.
Regardless of this progress, important price will increase because of world financial turmoil resulted in contract terminations, delaying venture deployment.
Among the many report’s key findings:
- The pipeline of tasks permitted for development tripled within the third quarter, as much as 2.7 GW, with extra approvals anticipated to come back within the fourth quarter;
- Three tasks, totaling 3.2 GW, have formally introduced contract terminations. Every venture will try to safe a brand new contract in upcoming state procurement rounds;
- East Coast states elevated their coordination, highlighted by new procurement rounds in Massachusetts and Rhode Island;
- Vessel-building and secondary metal manufacturing delivered sturdy efficiency amongst offshore wind provide chain subsectors;
- New York is anticipated to award new energy agreements within the fourth quarter, and with that might come new investments in turbine blade and nacelle amenities.
The whole report could be accessed right here.
