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BOEM delays US offshore wind – cost and long-term scale to benefit

Two weeks ago, we reported on the bottleneck that the lack of vessels is providing to the US offshore wind industry, at a time when enthusiasm is ramping up, and ambitious targets are being announced by states seemingly every five minutes. This week, the industry appeared to take another hit, with reports suggesting that the Bureau of Ocean Energy Management’s (BOEM’s) impact assessment may be delayed and extended into late 2020. With this “tap on the brakes”, it’s likely that several states will end up missing their capacity targets, but allowing the industry to prepare for an explosion of offshore wind will see costs plummet and the long-term scale of projects increase. The review in question is the Department of…

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