The American Clean Power Association (ACP) reported on Tuesday that the United States is making significant strides in its offshore wind energy sector, with 12 gigawatts (GW) of projects currently backed by active offtake contracts. Among these, 4 GW are already under construction at Vineyard Wind, Revolution Wind, and Coastal Virginia Offshore Wind.
According to ACP's 2024 Offshore Wind Market Report, the country is seeing robust development, with 56 GW of capacity in progress across 37 leases. By 2030, installations are projected to reach 14 GW, escalating further to 30 GW by 2033 and 40 GW by 2035.
The US government has set a target of deploying 30 GW of offshore wind energy by 2030, aiming to enhance energy security and bolster sustainability efforts. Additional growth is anticipated through ongoing or upcoming solicitations in states such as New Jersey, New York, Massachusetts, Rhode Island, and Connecticut, potentially awarding contracts for an additional 8.8-12.2 GW of projects later in 2024.
Despite challenges like contract cancellations and rebidding in 2023, states have streamlined processes and launched new solicitations swiftly, facilitating the sector's expansion.
ACP's chief policy officer, Frank Macchiarola, highlighted the sector's momentum, stating, “After the successful start-up of the 132 MW South Fork wind farm earlier this year, and with 136 MW operational at Vineyard Wind, offshore wind is gaining momentum with three projects under construction and thirty-seven more in development.”
The report forecasts substantial investment in the sector, estimating USD 65 billion (EUR 60bn) by 2030, which is expected to support approximately 56,000 jobs. ACP anticipates continued growth and investment, particularly with the Bureau of Ocean Energy Management (BOEM) planning four lease sales in 2024, potentially paving the way for over 20 GW of additional capacity development.
