In a recent interview with Maritime Reporter TV, Philip Lewis, Director of Research, Intelatus Global Partners, breaks down the U.S. Offshore Wind market 'By the Numbers.'
Let's look at the world . There's around 75GW of offshore wind farms, either operational or being built in the world today. By comparison, the U.S. currently has 42MW of operational offshore wind farms, and there's one wind farm for 800MW that's finally under construction.
But things are, in our view, really about to change in quite a big way.
Now, all of this is detailed in our new report, and we forecast in the report more than 46 projects that will install 43GW of capacity. That's compared to that global 75GW, so that brings the U.S. from a small player to a major player in the offshore wind segment very quickly.
Those first 43 projects will require about $135 billion of CapEx -- quite a substantial investment -- and close to $4.5 billion of annual OpEx once they've been delivered.