US offshore wind raises sails for a reset after a storm-tossed 2023, and the Atlantic states are at the helm.

March 7, 2024
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2 min read
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Last week NYSERDA announced the results of New York’s fourth solicitation, with two mature projects – Empire Wind 1 and Sunrise Wind 1 – winning the auction. For New York, progressing these projects is crucial to keeping its position as a pioneer in the American offshore wind sector and supply chain. For the sector, it was a much-needed boost to early investments in ports and the supply chain.

The two winning projects have been in development for years under an old contract with New York and are deeply involved in some of the first port and supply chain developments in the Atlantic state – developments that might have been significantly delayed or diminished, had the projects not won new contracts.

The nascent American offshore wind supply chain has been developing slowly and was hit by uncertainty when economic turbulence started triggering offtake contract cancellations last year. The developing supply chain is closely tied to projects, and it’s therefore affected by any turmoil among developers and investors.

Aegir Insights' market intelligence on the Atlantic states in the US

In Aegir Insights’ Atlantic US market report subscribers get a fully updated overview of projects, supply chain and port developments, to provide clients with unique insights into the competitive situation and challenges in the highly active Atlantic US market.

Aegir’s clients can reach out to Senior Research Analyst Signe Sørensen to schedule an analyst session unpacking recent auction results and project developments in the Atlantic states.

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