Floating Frontiers: Offshore Wind In the US – Environmental Considerations
The Business Network for Offshore Wind (the Network) is a national nonprofit solely focused on US offshore wind. The Network helps advance offshore wind markets and innovations by connecting stakeholders to discuss issues and develop strategies. It addresses the challenges facing offshore wind projects and aims to mitigate potential bottlenecks and risks with the capacity to delay development.
It has taken over a decade for offshore wind to be viewed positively on the US East Coast. As a result of many conversations and partnerships, the pipeline consists of 1.8 GWs of projects fully supported by state-backed financing or power purchase agreements. With NY, NJ and CT expected to award an additional 2.1 GW by this time next year, an offshore wind market is emerging on the east coast.
As the east coast industry expands and more lease sites are identified, sites will be located further offshore and floating offshore wind technology will be implemented. Floating platform technology opens offshore wind to historically unattainable markets, especially in deep water locations unsuitable for fixed bottom foundations. Floating offshore wind is rapidly developing in Europe and Asia and is equally applicable for the US deep water coastlines. The nearest deep water to shore is along the west coast, Hawaii and some northeastern states. More distant deep water is located east of the mid-Atlantic and southeastern states. Now is the time to create federal and state policies that responsibly support the shared use of deep water ocean areas to include floating wind. Read the white paper>>
U.S. Offshore Wind Finance: ADVANCING INVESTMENT IN OFFSHORE WIND – A Business Network White Paper
The Business Network for Offshore Wind works to support the development and growth of the U.S. offshore wind supply chain. The Network reacts to existing offshore wind projects’ challenges and preempts potential bottlenecks or risks that could threaten or delay the development of the offshore wind industry supply chain. The U.S. now has a growing pipeline of deployable offshore wind projects totaling 5-8GW, and the U.S. has scale in its demand to replace old power generation with new clean forms of electricity. The U.S. is poised to accelerate its nascent offshore wind sector to become a major national industry.
The U.S. has many advantages: the technology is proven and already exists; the market size is inherent to produce economies of scale; and offshore wind policies are emerging, both federal and some state. The building blocks are in place but finance is the important ‘mortar’ needed to build this industry. For this reason, in April 2018, the Network in partnership with Société Générale, assembled offshore wind experts to start taking a deeper look at the needs of the finance industry in order to learn if the case for investment into the U.S. offshore wind sector could be improved, and if so, how. Read the white paper>>
Business Network 2017 Annual Report
When we talk about the Network, we often compare our organization to an offshore wind project. People pay attention to the majestic blades spinning slowly in the ocean breeze, but often miss the vital, hidden activities: building the foundation, laying the electric cable and so much more that takes place beneath the surface.
This report gives you a good look at the whole picture. Our activities range from our annual International Offshore Wind Partnering Forum to our behind-the-scenes work in policy, education, and matchmaking; connecting offshore wind developers with the contractors and subcontractors who will build the thousands of components that make up the finished wind turbine. Read more>>
Policy Paper: Offshore Wind for New Jersey
Offshore wind is right for New Jersey. The state needs a robust mix of energy resources to power New Jersey’s future. Offshore shore wind is a large, clean, reliable and cost-effective resource that we can develop right here. New Jersey is blessed with a strong and constant offshore wind resource and shallow water depths, making it an ideal location for the siting of offshore wind generation. Moreover, offshore wind presents the opportunity to generate and deliver clean and renewable energy close to the state’s major load centers, without reliance on costly and controversial overland transmission. Read more>>
Grid & Transmission White Paper
We commend Governor Baker, Massachusetts legislators, and other policy makers for their support of offshore wind energy in the state. This brief white paper is focused on the opportunity to lower offshore wind costs to ratepayers through smart planning, construction and operation of offshore wind transmission interconnection facilities. Our working group concluded that a holistic approach to transmission will deliver offshore wind at a lower cost and benefit ratepayers with synergies that will make the grid stronger and more resilient. Read more>>
Brief presentation about the Network.
The Offshore Wind Market
Presentation about the offshore wind market. View presentation>>
Offshore Wind: A Crash Course
Presentation about the offshore wind. View presentation>>