Waiting for America's Next Revolution

According to fresh research by Rystad Energy, installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s.

Such a trajectory means capital expenditure in US offshore wind will likely exceed those in US offshore oil and gas within the next five years – a truly remarkable development. “There are currently 6 GW of offshore wind projects in the US that have been sanctioned for development, requiring collective investments of more than $20 billion over the next five years. Assuming continued support from the regulators, many more projects will be sanctioned in the coming years and we expect to see yearly investments in the sector exceed $15 billion by the... ... More: Official Press Release Rystad Energy

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Rystad Energy, USA, US, offshore, development, gigawatts, investment, fossil, production