U.S. offshore wind industry hit by continued financial challenges

Image: PixabayImage: Pixabay
"The U.S. offshore wind market felt its growing pains over the past quarter," said the Business Network for Offshore Wind.

Official Press Release Business Network for Offshore Wind:

Q3: U.S. Offshore Wind Construction-Ready Pipeline Grows While More Projects Cancel Contracts

Wind Industry Profile of
Q3: U.S. Offshore Wind Construction-Ready Pipeline Grows While More Projects Cancel Contracts

The Network’s latest Quarterly Market Report documents the U.S. market’s permitting and supply chain advancements while highlighting continued financial challenges

The U.S. offshore wind industry continued its forward progress despite severe financial challenges in the third quarter of 2023 that was highlighted by construction progress at the nation’s first two commercial-scale projects and critical permitting milestones at other projects. As Vineyard Wind and South Fork Wind sit on the precipice of delivering their first power to the grid, the pipeline of projects approved for construction has tripled in size with more projects just weeks away from achieving final approval themselves. These and other findings are detailed in the Business Network for Offshore... ... More: Official Press Release Business Network for Offshore Wind

Business of Offshore WInd, USA, development, Q3, supply chain, market, review, construction, pipeline, costs, cancel, project

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