Offshore wind encourages Americans to build their own installation vessels
More new offshore wind farms may be on the way in the US, but that does not necessarily mean that the Jones Act, which hinders European players from carrying out installations on non-US vessels, will be done away with. Instead, there are indicators that US yards will build the necessary vessels themselves, says a US offshore wind researcher.
BY SACHA HVIDBJØRN SENNOV
European carriers had a hope that the controversial maritime law, the Jones Act, would be challenged or perhaps suspended for a period.
Despite a surge in the number of capital-raising strategies tied to green power, German asset manager KGAL's business development team expects renewables to offer sustained opportunities for generating attractive returns as the money manager nears first close of its fifth renewables fund.