Project Submission: A Holistic Approach to Offshore Wind Investment
The Maryland Energy Administration (MEA) was an early supporter of the offshore wind industry. MEA and the State of Maryland have sought to establish a competitive offshore wind supply chain in the state. MEA has taken a holistic approach to creating an offshore wind market consisting of Maryland-based businesses and skilled workers. This approach includes investments in strategies to de-risk offshore wind development, decrease the levelized cost of energy of offshore wind projects, centralize Maryland as an offshore wind supply chain hub for the east coast, and increase the economic opportunities available for businesses and individuals.
MEA has accomplished this by: