The Biden Administration has given its first big thumbs up to offshore wind in the US, approving the development of the country’s first commercial-scale offshore wind farm. For a market, which is woefully behind Europe and Asia in the space, a flurry of subsequent activity will propel the US to become the third largest market in the world by 2030 – behind China and the UK. The Vineyard Wind project, sitting 15 miles off the coast of Martha’s Vineyard, Massachusetts, will weigh in at a capacity of 800 MW – pretty mid-range by today’s offshore standards, but still sufficient to supply electricity to 400,000 homes. The $2.8 billion project, which is being developed by CIP and Avangrid, will now see…