Offshore wind has the potential to become a major industry in the United States over the next decade, unlocking billions of U.S. dollars of investment and creating thousands of jobs. From California’s coast to the Atlantic Coast, the U.S. has the resources to support a large offshore wind industry, but so far, the United States has been lagging behind Europe and Asia in the development of offshore wind. The reasons for slower offshore wind development so far in America are not only the costs of technology. The regulatory and political background has also played a role in the U.S. having just 42 megawatts (MW) of installed offshore wind capacity as of today. Smoother processes of leasing and permitting of offshore wind projects could facilitate up to US$166 billion in offshore wind investment in the United States by 2035, Wood Mackenzie said in recent research commissioned by the American Wind […]