Short-Term Future for U.S. Offshore Wind Looks Slow

October 23, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though the federal U.S. government continues to open new acreage to develop offshore wind, the goal of establishing 30 gigawatts (GW) worth of capacity by the end of the decade could be challenging given recent economic trends. The Bureau of Ocean Energy Management (BOEM) announced on Monday that it finished the environmental review of six potential wind-energy lease areas covering more than 488,000 acres off the coasts of New Jersey and New York. Companies featured: Eversource Energy (NYSE:ES), Dominion Energy Incorporated (NYSE:D)