The path forward for Pacific US offshore wind is becoming clearer, although slowly
While offshore wind is making big strides on the US East Coast, progress in the Pacific US has been more cautious. Despite the excellent wind speeds and strong political ambitions for a green energy transition, there are also challenges suggesting offshore wind development in the Pacific US is not expected pre-2035.
The recent postponement of Oregon’s lease sale due to insufficient bidder interest highlights the limited short-term opportunities for offshore wind development in the Pacific US. California has taken the lead as the first mover in the region, but the future of planned lease sales in Oregon, California, and Hawaii remain uncertain due to the upcoming presidential election.
At Aegir Insights’ we have published a new Market Playbook, available to our clients, giving an in-depth overview of the Pacific US offshore wind market, including:
🔹analyzing greenfield opportunities and auction timelines.
🔹 offtake situation.
🔹 market attractiveness.
and more.
To learn more, reach out to us here.
Can US offshore wind weather a second Trump term?
The American presidential election in just two weeks is poised to be pivotal for the growing offshore wind market in the country.
The US market is highly influenced by changing presidents, and last time Donald Trump was president, offshore wind almost stalled. But this time, the sector would be much more developed at the time of take-over.
At Aegir Insights, we have published an analysis to our clients on what a second Trump term could mean for the US offshore wind sector, what actions he could take, and which projects could be impacted the most.
Interested in seeing our analysis?
» Request to receive a complimentary copy of the Insights piece here.
US offshore wind intelligence
At Aegir Insights we follow the US offshore wind industry closely and offer a comprehensive overview of market events, projects and auctions in the Pacific US, Atlantic US, and Gulf of Mexico regions.
You can browse our previous US coverage here.
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