New estimates suggest a billion-dollar market for US offshore wind

In spite of slow beginnings and a skeptical president, the US will tender off at least 2.5 GW in offshore wind projects over coming years, determines analyst agency.

Photo: Fred.Olsen Windcarrier

At the very least, 2.5 GW in offshore wind turbines will be installed in the US over the next nine years, concludes British analyst agency Westwood Global Energy Group in a new report.

2016 saw the installation of 30 MW offshore wind in the US, spread across six turbines in Rhode Island from Alstom. This number will grow exponentially in the coming years, projects Westwood. By 2026, 3.5 GW offshore wind will be constructed in the US. As of now, 2.5 GW have moved on from the idea phase to a more fixed planning phase while the last gigawatt still remains uncertain.

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