Insight
US offshore wind reaches critical scale with latest auction awards
Report summary
Recent auctions in New Jersey and New York awarded nearly 3GW of new offshore wind capacity contracts, shattering previous records for the nascent sector. This insight analyses the awarded projects, including subsidy policies for the winning projects, supply chain implications, an upward trend in bid pricing since 2018's record-low auction award in Massachusetts and more. The long-term future of the US offshore wind sector is also analysed in relation to the announcement. Our Power & Renewables reports and data provide deep insight into the current and future state of electricity generation.
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