Will Offshore Wind Blow the Competition Away in the U.S. Fuel Mix?

Ali Shajrawi, Liam Brooks Market Research Briefs

Declining costs and increasing efficiency are the two main catalysts driving offshore wind deployment globally, but development in the U.S. has been limited. In part, this is due to the lack of domestic supply chain for most offshore wind project components as well as an unclear understanding of the economic value of the technology and its competitiveness in comparison to alternative onshore renewable resources. Nonetheless, a number of states have recently established mandates to procure energy from offshore wind projects, aiming for a diversified zero emissions energy portfolio. This report offers a glance into several different state’s offshore wind programs.

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