This report identifies the opportunities and challenges that will shape the offshore wind market. It estimates the scale of potential offshore wind deployment to serve Northeast markets through 2030, given the nature of the offshore wind resource, federal lease opportunities, state policies, regional energy needs, existing electricity generation and planned retirements, and transmission capacity. The report finds that a low regional deployment trajectory could lead to 4,000 megawatts of offshore wind generation by 2030 off the Atlantic coast of the Northeast. A high regional deployment trajectory could lead to nearly 8,000 megawatts, which could power almost four million homes. The report also provides background information on topics ranging from interconnection infrastructure and permitting timelines to electricity markets and relevant public policies. Read it here.
This report is one in a series of three reports which were produced for representatives of the Massachusetts Clean Energy Center (MassCEC), the Massachusetts Department of Energy Resources, the New York State Energy Research Development Authority (NYSERDA), the Rhode Island Office of Energy Resources, and the Clean Energy States Alliance, as part of the Roadmap Project for Multi-State Cooperation on Offshore Wind Development.Offshore Wind Author: Sustainable Energy Advantage Publication Date: November 2, 2017 Topic: Economic Impact and Financing Resource Type: Report File Type: PDF Geographic Focus: Northeast Keywords: Atlantic, Market, Market Barriers, Market Development, United States Prepared For: Clean Energy Group/Clean Energy States Alliance, Massachusetts Clean Energy Center (MassCEC), Massachusetts Department of Energy Resources, New York Energy Research and Development Authority (NYSERDA), Rhode Island Office of Energy ResourcesFunding Source: U.S. Department of EnergyReturn to the NWRC Resource Library