Join us at ASCE V-Tech 2020, September 14-18, 2020, to learn about the US Offshore Wind Market. Bil Stewart is co-moderator and organizer of the COPRI Offshore Wind session. vtech.asce.org

Bil has been Chairman of the COPRI Marine Renewable Energy Committee for the last 10 years. Bil was Chairman of the Board of COPRI in 2017.

STA provides advanced dynamic analysis of floating offshore wind turbines, using OrcaFlex and other tools.

The huge size of the US Offshore Wind market in the next two decades is only just being recognized by Offshore Engineers in the USA. The chart below shows what is in the pipeline according to the 2019 US DOE report Wind Energy Data & Technology Trends.

The above data shows the total wind farm energy that each of 13 states is planning to develop. The US total is a little over 25 GW. Remember that the first and only (as of August 2020) US offshore wind farm, Block Island (Rhode Island) has a Nameplate Capacity of just 30 MW, or 0.03 GW.

The current guideline investment cost for offshore wind farms is estimated to be around $3 billion/GW. This puts the US recognized offshore wind project pipeline at a value of $75 billion in the next decade.

A Wood McKenzie 2020 report estimates that the total investment in US offshore wind will reach $166 billion by 2035. By that time the industry will have become about one third the size of the US Offshore Oil & Gas industry and will be supporting around 80,000 US jobs.

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• Falling renewable power costs signal a real paradigm shift in the competitiveness of different power generation options. This includes cheaper electricity from renewables as a whole, as well as the very low costs now being attained from the best solar PV and onshore wind projects.
• This talk presents historical data and trends for electricity costs produced by offshore turbines.  The big picture of future offshore renewable energy developments in the US will be presented.
• —Regulations and Permitting—Financing a New Type of Market —Infrastructure (Ports and Fabrication, Installation, New Vessel Types) —High Maintenance Costs (New Vessel Types) —Technical Challenges of Grid Interconnection —Poor Existing Supply Chain and Offshore Wind Expertise —The Jones Act and Lack of Existing In-Country Installation Vessels —Aesthetic Issues, Radar Interference, Wildlife Concerns

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