U.S. Offshore Wind Power Economic Impact Assessment

AWEA’s U.S. Offshore Wind Power Economic Impact Assessment provides an overview of the potential jobs and economic impacted that will accompany the growth of the U.S. offshore wind market. The report projects that offshore wind project development, construction, and operations will support up to 83,000 jobs and $25 billion per year in economic output by 2030. 

The offshore wind industry is poised to build on the massive growth experienced by its land-based counterpart. As noted in the report, the land-based wind industry grew from supporting 100 domestic manufacturing facilities and 50,000 jobs in 2007 to more than 500 facilities and 114,000 jobs today. Last year, land-based wind power reached more than 100 GW of operating capacity, a four-fold increase from 2008. Offshore wind is set for a similarly rapid expansion, while also creating new opportunities for port revitalization and vessel construction. Project developers and manufacturers have already announced more than $1.3 billion of planned investments in port infrastructure, manufacturing facilities, and supply chain development to support offshore wind.

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