ESVAGT to Establish Joint Venture to Enter U.S. Market

The American Jones Act law dictates that all vessels operating domestically in the United States must be built in the United States, fly the American flag, have a U.S. crew, and be majority owned by a U.S. citizen. So, ESVAGT is creating a joint venture to fulfill these requirements.

Official Press Release ESVAGT:

Great potential for ESVAGT in US wind

Wind Industry Profile of
Great potential for ESVAGT in US wind

Joint Venture: As the European market leader in offshore wind, ESVAGT has closely followed the development of the rapidly growing American offshore wind market. Now, ESVAGT is establishing an American joint venture in Florida.

The Eastern Seaboard in North America is home to one of the fastest growing global markets for offshore wind. More than 25 GW of offshore wind has already been projected and much more is on the horizon; the Americans’ ambition to produce 86 GW of green offshore wind energy by 2050. That is four times the level currently produced offshore in Europe. This growing market has led several Danish park operators and wind turbine manufacturers to establish themselves in the US and to encourage their European suppliers to follow suit and help... ... More: Official Press Release ESVAGT

ESVAGT, USA, vessel, market, offshore, wind farm, construction, joint venture, Florida, Jones Act, Europe

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