American Clean Power Association (ACP)’s Post

CNBC's Pippa Stevens reports from Orsted's South Fork Wind which is the first commercial-scale offshore wind project in the U.S. The Biden administration has a target of 30 gigawatts of offshore wind power by 2030, but rising interest rates and supply chain hurdles have hit the industry. Read more on why offshore wind power projects are struggling to gain traction: cnb.cx/3A2ginc

Have you seen the key updates + figures from the U.S. offshore wind market? What do you think of these highlights (swipe to 👀 )! The Q3 U.S. Market Report is free to download and provides key analysis of federal and state government activities impacting the U.S. offshore wind industry. Make sure you're informed on the offshore wind industry developments affecting your business. Read the full report! https://lnkd.in/gDZ69h9a

Another great report from our stellar research and policy analysis team. U.S. offshore wind power is gaining momentum. ACP's 2024 Offshore Wind Market Report shows that the offshore wind industry is projected to invest $65 billion toward projects by 2030, which will support 56,000 jobs in the United States. Learn more: https://bit.ly/3S0vtTH

This is worth a listen. Fred Zalcman, director of New York Offshore Wind Alliance, lays out what is going on with large-scale offshore wind projects and how the industry and New York State are working to avoid further bumps in the road with an emerging industry. #offshorewind #renewableenergy #greenjobs

📣NEW REPORT OUT TODAY: The U.S. offshore wind market transitioned from planning to commercialization in the first quarter of 2024. In total, the amount approved for construction in the U.S. surpassed 10 GW during the first quarter of 2024. These and other key industry findings are detailed in Oceantic Network’s U.S. Offshore Wind Quarterly Market Report, which highlights announced investments, advancements of the review process for several projects, and notable policy developments that drove the U.S. market forward between January and March of 2024. Download the executive summary or full report now: https://bit.ly/44ahoaY

Offshore wind news and policy: Tracking the latest US developments Close to 15 GW of offshore wind capacity is under construction in the Atlantic Ocean. Lease sales are expanding the industry to new waters as it works to meet federal and state goals. Published June 6, 2023 • Updated July 29, 2024 By Diana DiGangi and Jasmine Ye Han July 29: The most recent version of this tracker updates the policy table to include legislation from Delaware that would authorize the state to issue an offshore wind solicitation for between 800 MW and 1.2 GW of offshore wind capacity, and legislation from... https://lnkd.in/gHsyGvBU

Oceantic Network’s 2024 US Offshore Wind Market Report shows that by the end of 2024, US states could secure up to 15.5 GW of new offshore wind power purchases, bring the total purchases under contract to 25 GW with new calls for more project proposals slated for 2025 and 2026.

In the United States, floating offshore wind is seen as the future of the wind energy industry given the market drivers, especially in the West Coast. In this video, which is part of our offshore wind video series, James Berger reflects on the future of floating offshore wind and its challenges in the US. #OffshoreWind

Renewables need space. Offshore may well be a good answer for that need. Despite the challenges, incentives remain in place for developers to reach for. Good quick listen here.

The UK’s offshore wind industry now represents over 40% of the offshore wind capacity across Europe. The market has increased to over 90 GW in the last year according to a new study by the Crown Estate. https://lnkd.in/dZxiJiJu