The U.S. offshore wind industry is moving aggressively toward the national goal of building 30 gigawatts (GW) of offshore wind by 2030 and is presenting a $109 billion TOTEX or total investment opportunity to businesses in the offshore wind power supply chain over the next decade. In this updated and expanded 2021 Supply Chain Forecast, the Special Initiative on Offshore Wind (SIOW) quantifies the extensive supply chain business opportunities presented by this $109 billion TOTEX from the development, construction, and operational phases with quantification broken down by offshore wind farm component, state, and year through 2030. This updated analysis also includes a calculation of development and operational expenditures, highlighting the extensive job and revenue opportunities associated with this rapidly growing industry.
Full Report: Supply Chain Contracting Forecast 2021 Edition