Despite a down year, wind power prospects improve significantly with the passage of the Inflation Reduction Act.
Long-awaited policy certainty provides a critical shot-in-the arm for the wind industry, leading to a growing pipeline and reinvigorated domestic supply chain. Last year will go down as a transition year for the wind industry. Build volumes slowed considerably from record levels set in 2020 and 2021. Project delays plagued developers as supply chain challenges, […]
The United States has ambitious plans to develop a world-leading offshore energy sector; however, regulations to embolden its domestic capabilities could limit its progress to increasing offshore wind footprint.
In 2021, several key pledges were made to revolutionize the United States’ offshore wind-energy sector in the first weeks of the Biden administration, including new targets to generate 30 GW of offshore wind energy by 2030 (“30 by 2030”) and 110 GW by 2050 to catch up with expansive offshore wind development projects in Europe […]
