US offshore wind market stalls ahead of election
Project developers are considering extending installation periods of their offshore wind farms by up to six years without losing ITC aid, says US analyst, who expects neither project approvals nor new site licenses before the presidential election is complete. Even if all ends well, it might lead to a ironic problem.
For months on end the offshore wind sector has waited eagerly for an update from the Federal US Bureau of Ocean Energy Management (BOEM) to publish its expanded environmental impact assessment (EIA) set in motion last autumn – not only the first large-scale project, Vineyard Wind, which expected a complete EIA report already back in August in order to begin construction before the end of this year.
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