INSIGHTSSERIES
| PRODUCTS
September 2, 2024
U.S. Offshore Wind Industry Continues to Expand Amid Setbacks
Offshore wind auctions and procurement plans continue to advance driven by clean energy policies and financial incentives.
Despite facing hurdles, the U.S. offshore wind industry continues to make progress. The Vineyard Wind project off Massachusetts is under investigation after a turbine blade failure, and a Gulf of Mexico lease auction has been canceled due to…Read the full report
Key Takeaways
- The Bureau of Safety and Environmental Enforcement is conducting an independent investigation into a turbine blade failure at the Vineyard Wind site.
- A planned offshore wind lease auction in the Gulf of Mexico has been canceled due to lack of interest, while Oregon’s first offshore wind lease sale will be held later this year.
- The U.S. Interior has issued the first floating offshore wind energy research lease off the coast to Maine, a key milestone to advance development in deep waters requiring floating turbines and infrastructure.
