Environment and Energy

August 3, 2021
Offshore Energy Goal Faces Serious Headwinds: IHS
Written by Tim Triplett
U.S. offshore wind energy is expected to grow rapidly, but bottlenecks in the market and a crucial lack of infrastructure mean that President Biden’s optimistic offshore wind target of 30GW by 2030 will almost certainly be missed, reports IHS Markit. Wind towers are a promising growth market for steel plate.
IHS Markit expects U.S. offshore wind installed capacity to reach 21GW by 2030, up from just 42MW at present, resulting from more than $100 billion to be invested in the industry in the next nine years. This would represent impressive growth in the U.S. share of the global total installed offshore wind capacity, from close to zero to around 9% in 2030.


