USD 70 billion in offshore wind investments forecast for the US

The swathe of inbound US offshore wind projects planned for the coming years appear to have an combined investment budget of around USD 70 billion.

The collection of offshore wind projects in the US's pipeline is reportedly worth a combined investment budget of roughly USD 70 billion, reports sector media based on an analysis from the University of Delaware's independent project Special Initiative on Offshore Wind (SIOW).

Specifically, SIOW's outlook forecasts 18.6 GW in installed capacity with an aggregated price tag of USD 68.2 billion. This entails more than 1,700 wind turbines and towers worth a total of USD 29.6 billion, and USD 16.2 will go to turbine foundations.

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