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US offshore wind market doubles

25/06/2019
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The US offshore wind market is now the third largest in the world, having surpassed China and Taiwan in the last 12 months.

Investment on the East Coast has made huge increases in the USA's wind turbine projects
(Image via Wikipedia)

A number of solicitations from East Coast states over the last year has doubled the US market, according to new figures from RenewableUK published at the 2019 Global Offshore Wind conference in London.

It’s estimated that $68 billion is being invested in wind projects. 

“New markets are racing to match world leaders like the UK, opening up opportunities for export and investment across the globe,” said RenewableUK’s CEO Hugh McNeal.

“We expect exports from the UK’s offshore wind industry to grow five-fold in the next decade and we are seeing leading developers and suppliers using their expertise to expand into emerging markets, like the USA.”

Currently the UK is #1 for wind power, with projects in operation, under construction or in development totalling 38.4GW. Germany is in second place (16.5GW), China in fourth (12GW) and Taiwan in fifth (8.9GW). Together the top five countries account for 75% of the global market, which totals 105GW.

The US has been the fastest growing market in the last twelve months, with much of it driven by the states of Maryland, Massachusetts, Rhode Island and Connecticut which together have completed solicitations for nearly 1.8GW of capacity. In addition, the state of New Jersey has just concluded a tender for 1.1GW.

With the market growing, more opportunities will continue to be created for workers in the US renewable energy sector.

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