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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 for the U.S. wind industry, the largest source of renewable energy in the country. We represent 1,000 member companies, 120,000 jobs in the U.S. economy, and a nationwide workforce located across all 50 states. AWEA serves 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 most efficient and targeted event for utility-scale renewable companies, the AWEA CLEANPOWER Conference & Exhibition, next in Indianapolis, June 7-10, 2021. An outgrowth of the AWEA WINDPOWER Conference & Exhibition, CLEANPOWER is the first trade show focused exclusively on the utility-scale renewable power sector, bringing together all the major developers, utilities, OEMs, suppliers and buyers under one roof. Visit AWEA’s website to learn more about the enormous economic benefits wind power brings to America and be sure to follow us on FacebookTwitter, and LinkedIn.