Ørsted’s cancelation of the Ocean Wind 1 and 2 projects off the East Coast thrust the U.S. market into the spotlight. With these two projects and many others, all impacted by rising costs and supply chain challenges, Spinergie analyst Yvan Gelbart examines the current situation, future repercussions, and the strategies and initiatives that ensure some projects are still successful.
What You'll Learn
- Why recent U.S. offshore wind projects are facing cancellations and delays.
- How supply chain limits, vessel shortages, and the Jones Act affect costs and timelines.
- The impact of PPAs and FIDs on project viability.
- Strategies successful projects use, including vertical integration, early supply deals, and tax incentives.
- How government support, like the Inflation Reduction Act and flexible state RFPs, reduces market risks.
- Lessons for future projects to grow U.S. offshore wind capacity sustainably and resiliently.
Get the Full White Paper
Gain insights from Spinergie analyst Yvan Gelbart on how U.S. offshore wind projects are navigating cost surges, supply chain pressures, and the evolving path to long-term success.
