Invest in new horizons
The U.S. offshore wind industry is set to deliver significant economic benefits over the next decade, according to the U.S. Offshore Wind Power Economic Impact Assessment report, released by the American Wind Energy Association (AWEA). In addition to providing clean, affordable, and reliable power, AWEA estimates that developing 30,000 megawatts (MW) of offshore wind along the East Coast could support up to 83,000 jobs and deliver $25 billion in annual economic output by 2030.
Market projections anticipate 20,000 to 30,000 MW of offshore wind capacity will be operational by 2030, representing up to $57 billion of investment in the U.S. economy. AWEA’s report estimates that developing this amount of offshore wind will support up to 45,000 jobs by 2025 and 83,000 jobs by 2030, depending on the level of offshore wind build and supply chain growth within the U.S. In addition, the development, construction, and operation of offshore wind projects in the U.S. will deliver annual economic output totaling as much as $14 billion in 2025 and $25 billion in 2030.
EDF Renewables plays a leading role in the emergence of this new industry, taking advantage of our many years experience from onshore projects in order to guarantee an optimal level of operation for our offshore facilities. With four offshore wind projects in France, one in Belgium, two in the United Kingdom and one in Denmark, we have proven our technical skills in marine engineering through successfully installing fixed-bottom, monopile, jacket and gravity based foundations.
Harnessing offshore wind resources presents an enormous opportunity to:
In 2018, EDF Renewables North America and Shell New Energies formed a 50/50 joint venture, Atlantic Shores Offshore Wind, LLC, to co-develop a lease area with the potential of approximately 2,500 MW of offshore wind energy - enough to power close to one million homes. The lease comprises 183,353 acres approximately eight miles off the coast of Atlantic City on the U.S. Outer Continental Shelf (OCS).