Oceantic Networks has released its US Offshore Wind Quarterly Market Report (2024 Q3).
The report showcases industry milestones and metrics including how the US offshore wind market grew its shovel-ready project pipeline, delivered four new vessels, and broke ground on new port facilities in the third quarter of 2024.
These and other key industry findings are detailed the report, which highlights new vessel launches, regulatory advancements for several projects, and state-level developments that drove the US market forward.
Key Findings Include:
- Including approvals for Atlantic Shores South and US Wind’s Maryland Offshore Wind Project, BOEM has now approved ten offshore wind projects totaling 15 GW.
- Massachusetts and Rhode Island awarded provisional offtake agreements for 2,878 MW of capacity across three projects.
- California and Delaware approved their first offshore wind procurement targets, setting the stage for future state-driven offtake rounds.
- Four new crew transfer vessels (CTVs) for the offshore wind industry were launched in Q3 of 2024, marking ten newbuild CTVs launched for the offshore wind industry in 2024.
- Between July and September, $2.1 billion was invested in the US offshore wind market across transmission, port, and supply chain development, as well as research and vessels.
