Business, Freight News

U.S. Saw 60% Growth in Offshore Wind in Q3

[ October 17, 2022   //   ]

Landmark federal policy, record investments, and new state-level actions drove the U.S. offshore wind industry forward in the third quarter of 2022, with coastal states increasing their long-term targets by 58 percent, a new record for quarterly growth. The Business Network for Offshore Wind, the leading non-profit working to accelerate offshore wind development and build a robust U.S. supply chain, today released its inaugural US Offshore Wind Quarterly Market Report, which examines the factors contributing to this historic expansion and provides insight on key market trends, supply chain and technology advancements, and the key challenges.