Offshore

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With the recent Gulf Auction falling short of expectations and projects on the East Coast faltering, many have adopted a bearish stance on the U.S. offshore wind sector. However, California recently passed two new bills to support the state’s burgeoning offshore wind industry: the Offshore Wind Advancement Act (AB 3) and the California Offshore Wind Expediting Act (SB 286). These bills, which take effect January 1, 2024, have the potential to significantly impact offshore wind development in California.Continue Reading New Bills Advance California’s Offshore Wind Strategy

Momentum is growing quickly towards widespread construction of US offshore wind-powered electrical generation facilities. Several States along the northern part of the Atlantic coast have projects actively under development and RFPs for more projects to come.  Recent regulatory guidance has been issued clarifying Jones Act implementation. Here are six key trends and developments for market participants to be aware of.
Continue Reading Six Key Items to be Aware of Today in U.S. Offshore Wind (“OSW”)