New report: U.S. offshore wind generates $70 billion supply chain opportunity
America’s new offshore wind industry is taking off, and what we see now is just the tip of a vast clean energy – and business supply chain – opportunity. A new white paper confirms this, prepared by the Special Initiative on Offshore Wind (SIOW) with analysis from the Renewables Consulting Group. The study projects the offshore renewable energy source will generate nearly 20 gigawatts (GW) of cost-competitive power in seven Atlantic Coast states by 2030, and nearly $70 billion in capital expenditure (CAPEX) revenue opportunity for businesses in the U.S. offshore wind supply chain.
AWEA is the national trade association of the U.S. wind energy industry. We represent 1,000 member companies and over 100,000 jobs in the U.S. economy, serving as a powerful voice for how wind works for America. Members include global leaders in wind power and energy development, turbine manufacturing, and component and service suppliers. They gather each year at the Western Hemisphere’s largest wind power trade show, the AWEA WINDPOWER Conference & Exhibition, next in Houston, May 20-23, 2019. Find information about wind energy on the AWEA website. Gain insight into industry issues on AWEA's blog, Into the Wind. And please join us on Facebook, and follow @AWEA on Twitter.