US Offshore Wind Pipeline Reach 25.8GW

Laxman Pai
Tuesday, August 27, 2019

The U.S. offshore wind project development pipeline grew to a potential generating capacity of 25,824 MW across 13 states, including the Block Island Wind Farm commissioned in 2016.

Projects totaling 21,225 MW have exclusive site control, meaning the developer has a lease or other contract to develop the site. Most of these projects are on the Eastern seaboard, with one in the Great Lakes, said Offshore Wind Technologies Market Report, prepared by DOE’s National Renewable Energy Laboratory.

California and Hawaii have several early-stage floating offshore wind projects in the planning phase, it said.

The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) auctions for three lease areas off the coast of Massachusetts brought in winning bids of $135 million—more than three times the value of previous BOEM auctions—indicating strong interest and confidence in the U.S. offshore wind market.

Offtake prices for the first commercial-scale U.S. offshore wind project—Vineyard Wind off the coast of Massachusetts—came in lower than expected at $65–$75 per megawatt-hour.

Technology trends toward larger turbines continued, with offshore turbines installed globally in 2018 averaging 5.5 MW, and turbines with capacities of 10­–12 MW coming to market in the next couple years. 

Categories: Government Update Wind Power Renewable Energy Offshore Wind Offshore Offshore Energy

Related Stories

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

ABL Gets Papua New Guinea FSO Job

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Jumps 3% on Renewed US-Iran Conflict

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Oil Climbs on US-Iran Deal Uncertainty

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

Current News

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

Keppel Launches $2.9B Program to Monetize Legacy Offshore Drilling Rigs

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Serica Energy Agrees $194M Pharos Energy Acquisition

Oil Eases After Topping $100, Still Set for Weekly Rise

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com