July 24, 2023 — The offshore wind market in North America has attracted global developers and equity partners as state and federal policies finally align to encourage investment in domestic clean energy.
But at the same time, developers face challenges as inflation, supply chain bottlenecks, the high cost of materials, competition for vessels and ports, and workforce shortages threaten to slow progress.
With news from the industry shifting on a regular basis, it can be hard to keep track of the projects, the players, and the issues. Don’t worry. Here’s a cheat sheet.