Governor of Massachusetts tells RenewableUK conference offshore wind set to grow in US
26 June 2019
Posted by: Rob Norris
The Republican Governor of Massachusetts, Charlie Baker, has told the offshore wind industry that East Coast states in the USA are pushing ahead with ambitious plans to develop offshore wind projects. Massachusetts is the first US state to support development of a commercial stage project.
New figures from RenewableUK show that the market for offshore wind in the USA has doubled in the last 12 months and the USA has now overtaken China and Taiwan as the third largest global market for offshore wind, up from 5th a year ago. Investment in offshore wind projects in the USA is estimated at over $68bn, according to RenewableUK’s analysis.
Speaking at RenewableUK’s Global Offshore Wind 2019 conference in London this afternoon, Governor Baker said: “The possibility to grow a really big, new, important energy sector in the US and especially on the East Coast is quite real – our goal is to make sure we get there”.
Growth in the US market accounted for nearly half (48%) of global offshore wind growth in the past 12 months. The pipeline of offshore wind projects in the US grew from 7.5GW in 2018 to over 15.7GW this year. The strong growth in the US market was driven largely by the East Coast states of Maryland, Massachusetts, Rhode Island and Connecticut.
Data published in RenewableUK’s Offshore Wind Project Intelligence report shows that UK retains the top spot as the largest offshore wind market in the world with a portfolio of 38.4GW, with Germany second (16.5GW) and China (12GW) and Taiwan (8.9GW) rounding out the top five. These countries account for 75% of the global market.
The UK is putting offshore wind at the heart of our energy future, with the recently-announced Sector Deal with Government setting us on course to generate more than one-third of our electricity from offshore wind by 2030, in an industry employing 27,000 highly-skilled people. The UK’s offshore wind capacity is set to expand from 8GW now to at least 30GW by the end of the next decade. 6GW of new capacity is expected to come forward at record low prices in auctions this year.
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More details of Global Offshore Wind 2019 are available here
3,000 delegates from over 40 countries attended the event, which included an exhibition in which 170 international companies are showcased the latest cutting-edge technology. RenewableUK delivered the event with partners Equinor, innogy, MHI Vestas Offshore Wind, Offshore Renewable Energy Catapult and ScottishPower Renewables.
RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and access markets to export all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.