• State of the Industry: Offshore Wind - Part 2

  • Nov 19 2024
  • Length: 25 mins
  • Podcast

State of the Industry: Offshore Wind - Part 2

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  • Summary

  • Walt Musial, a principal engineer at the National Renewable Energy Laboratory, stops by the show to discuss the current state of the US offshore wind market. Walt details progress in key regions like the Northeast, where gigawatt-scale projects are actively under construction. Walt addresses the ramifications of renegotiations of power purchase agreements and the mixed outcome of recent offshore wind lease aucitons. On the technology front, Walt goes into great detail about the potential of floating wind technology, which offers flexible siting and cost benefits when compared to fixed-bottom turbines. Walt also outlines the key highlights of NREL's annual Offshore Wind Energy Market Assessment, which track information for 2,036 active offshore wind energy projects in 49 countries.

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