Key Takeaways
- As of October 2023, the US has approved 13 offshore wind projects totaling 13.9 GW of capacity, with Vineyard Wind 1 (806 MW) being the first to commence operations in late 2024
- BOEM has issued 7 commercial leases off the Atlantic coast covering approximately 2 million acres, capable of supporting up to 25 GW of offshore wind energy
- South Fork Wind project, a 132 MW facility off New York, achieved full operations in 2024, delivering power to Long Island and NYC
- As of 2023, US operational offshore wind capacity is 42 MW from Block Island and CVOW demo
- Vineyard Wind 1 expected to generate 2.4 TWh annually, enough for 400,000 homes
- South Fork Wind 12 Siemens Gamesa 12 MW turbines produce 130 GWh/year for 70,000 homes
- US offshore wind industry created 2,670 jobs in 2022, up 30% from 2021
- Total capital investment announced $70 billion for US offshore wind projects as of 2023
- Vineyard Wind project investment $4 billion, creating 3,600 jobs peak construction
- Offshore wind displaces 78 million metric tons CO2 annually at 30 GW scale
- Vineyard Wind to avoid 1.9 million tons CO2/year vs fossil fuels
- OSW reduces NOx emissions by 50,000 tons/year at 20 GW deployment
- Inflation Reduction Act provides uncapped PTC at $27/MWh +15% domestic content bonus for OSW
- IRA Section 45X manufacturing tax credit up to $48/kW for monopiles since 2024
- BOEM finalized Wind Energy Area designations for 10 states by 2023
The United States offshore wind industry is growing rapidly with major projects now operational.
Capacity and Generation
Capacity and Generation Interpretation
Economic and Job Impacts
Economic and Job Impacts Interpretation
Environmental and Sustainability
Environmental and Sustainability Interpretation
Policy and Investment
Policy and Investment Interpretation
Project Development
Project Development Interpretation
Supply Chain and Workforce
Supply Chain and Workforce Interpretation
Sources & References
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- Reference 2BOEMboem.govVisit source
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- Reference 9USWINDINCuswindinc.comVisit source
- Reference 10AMERICANPROGRESSamericanprogress.orgVisit source
- Reference 11DEEPWATERWINDdeepwaterwind.comVisit source
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- Reference 21GWECgwec.netVisit source
- Reference 22NYSERDAnyserda.ny.govVisit source
- Reference 23ACPWINDacpwind.orgVisit source
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