The Enterprise Community for Offshore Wind’s annual report affords an evaluation of federal and state authorities exercise to assist corporations higher perceive the way it might have an effect on their enterprise.
Evaluation of the offshore wind procurement targets by state
Baltimore, March 03, 2021 (GLOBE NEWSWIRE) — The Enterprise Community for Offshore Wind in the present day launched its annual U.S. Offshore Wind Market Report & Insights. The report identifies 2021 as a 12 months of defining penalties for the U.S. offshore wind trade. After years of growth, primarily because of state authorities actions, the U.S. offshore wind trade is primed for exponential progress underneath the Biden Administration. The 2021 report breaks down alternatives for trade progress constructing off of 2020 developments and descriptions the actions wanted for the U.S. to capitalize on this rising world trade.
“The U.S. offshore wind market is on the cusp of what could possibly be the subsequent nice American trade,” stated Liz Burdock, CEO of the Enterprise Community for Offshore Wind, the one non-profit centered on rising the offshore wind trade and its provide chain. “The query is, will federal motion be taken shortly to spur non-public capital funding wanted to create native port infrastructure, conduct analysis, ship constructing, and personal mission improvement? Within the course of, we should carve out area for the subsequent technology of the U.S. workforce that may assist form how America makes use of clear vitality. The worldwide offshore wind trade is surging forward, and the U.S. is behind.”
Credentialed information media might acquire a replica of the proprietary 2021 U.S. Offshore Wind Market Report & Insights report back to quote from (however not repost). Insights embrace: a compilation of offshore wind-related private and non-private investments, the variety of gigawatts of offshore wind capability with offtake pathways, and a breakdown of the greater than 400 provide chain contracts awarded to-date. The report additionally examines how the U.S. fares towards established European offshore wind markets and rising markets in each Europe and Asia, and forecasts key 2021 developments (entry the free Executive Summary on-line).
“To-date, trailblazing states and personal sector funding into the U.S. offshore wind trade has totaled greater than $3.4 billion. The Biden Administration has made it clear that offshore wind is a crucial a part of America’s clear vitality portfolio,” added Burdock. “The offshore wind trade higher buckle-up, 2021 is barely the beginning of an exciting trip.”
The Enterprise Community publishes its report yearly for its members on the state of the U.S. market. It contains state-by-state capability procurements, will increase in authorities targets, mission timelines, and the newest provider contracts and trade developments. The Enterprise Community additionally hosts the International Partnering Forum (IPF), the most important offshore wind occasion within the Western Hemisphere. This 12 months, IPF will probably be held in two components: in particular person and digital. IPF Collectively will happen in Richmond, Virginia August 24-26 and IPF Digital will probably be held on-line April 22, Might 13, and June 17.
Members of the Enterprise Community for Offshore Wind might entry 2021 U.S. Offshore Wind Market Report & Insights through the Member Portal. Not presently a member? Join today and get entry to trade studies, the OSW Market Dashboard, coverage webinars, unique occasions, and extra.
Melinda Skea Enterprise Community for Offshore Wind 202-709-9793 email@example.com