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'Growing pains' | US offshore wind resilient in the face of economic turmoil: BNOW - Recharge

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'Growing pains' | US offshore wind resilient in the face of economic turmoil: BNOW | Recharge

Despite setbacks amid global inflationary headwinds, US offshore wind showed its resilience as projects advanced and supply chain investments grew, according to lobby group Business Network for Offshore Wind (BNOW) in its third quarter market report.

While the quarter saw another project cancelled – Iberdrola-controlled Avangrid’s 804MW

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Related Knowledge Center: ENERGY BASICS: wind

State of Play

Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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