The EIC > Event Detail

Regional Sector Update: US Offshore Wind

28 Oct 2021
All companies

About this event

Global operational offshore wind capacity surpassed 30GW in 2020, with over 5GW added throughout the year in what represents yet another industry record. While the UK continues to retain its status as the global leader in offshore wind, it has many contenders as almost every continent now has some sort of offshore wind potential. And despite the current COVID-19 pandemic, offshore wind has had the distinct pleasure of moving forward despite the same; and to be sure, many governments such as the UK and the US see offshore wind as the tar needed to build the road towards a net-zero carbon future.

The US offshore wind market was kickstarted in 2016 when its first project went into production via Ørsted’s Block Island 30MW development offshore Rhode Island. At the heart of the US’ lag in joining countries such as the UK, Denmark, and other emerging markets such as Brazil and Taiwan, US offshore wind developers have faced many challenges such as political uncertainty both on a state and federal level, policy barriers such as the US Jones Act and the ambiguous future of Production Tax Credits (PTC), as well as an absent supply chain and fit-for-purpose port infrastructure to bring to fruition a US offshore wind value chain.

EICDataStream is currently tracking over US$50.6 billion in CAPEX proposed for offshore wind, with a current project pipeline of over 20GW in capacity by 2030. Join the EIC on 28 October 2021 at 9:00am CST following the release of our latest EIC Insight Report to obtain an update of the current state of play of Offshore Wind in the US.

Date: Thursday 28 October 2021
Time: 09:00AM -10:00AM CST
Cost: Free EIC members, $35 non-EIC members

Amanda Duhon, Regional Director, North & Central America - EIC
Pietro Ferreira, Senior Analyst, Americas - EIC

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For any questions regarding this event, please contact the organiser.
Adriana Romo
Office & Events Coordinator
The EIC - Houston Office