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2017 Offshore Wind Technologies Market Update

Sources:

United States Department of Energy

National Renewable Energy Laboratory

Date:

1 August 2018

The research featured in this report highlights current market conditions in the United States and around the world. New state-level commitments, advances in permitting and energy offtake processes, and strategic research investments buoyed the U.S. offshore wind market in 2017. The offshore wind project development pipeline in the United States includes 25,464 megawatts (MW) of planned generating capacity as of June 2018, with projects representing 2,000 MW expected to commence commercial operation by 2023.