Offshore Wind Gains Momentum—A Primer on Applicable Regulations
Regulatory clarity could provide the tailwinds the nascent offshore wind industry needs to gain momentum, say Cindy Matherne Muller and William C. Baldwin, partners with Jones Walker.
March 24, 2021 at 01:29 PM
6 minute read
To date, the Bureau of Ocean Energy Management (BOEM) has issued 16 commercial leases in the United States to offshore wind developers for projects in federal waters off the East Coast according to the GAO Report, "Offshore Wind Energy," December 2020. As of April 2021, though, only two offshore wind projects are online in the United States: (1) Block Island, consisting of five turbines off the Rhode Island coast, and (2) Coastal Virginia Offshore Wind, a two-wind turbine demonstration project off the Virginia coast. Uncertainty around the regulatory process for this relatively new industry has delayed project development and hampered investment in the ports and vessels necessary for wind farm development.
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