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Original study outlines opportunities for UK companies in growth of US offshore wind

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Original study outlines opportunities for UK companies in growth of US offshore wind

9/15/2021

The British Consulate-Overall in Boston, Massachusetts, has commissioned international vitality consultancy Xodus to undertake a US industry evaluation to determine the opportunities obtainable for UK companies to enter the growing US offshore wind market.

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The study states that a lack of maturity in the US offshore wind provide chain currently interprets to the need for a snappy enlargement in products and products and services required to ship initiatives on time and on finances. Builders tend to de-possibility a undertaking by sticking with identified entities and avoiding the perceived additional tag of EPCI contracts, significantly for those with complexity, prolonged lead instances, and well-known ingredients.

The study shows there are multiple opportunities for experienced UK companies to develop into involved at early phases of industry construction, again from their house bases and leverage this acceleration to put a native presence in the US.

Dr. Peter Abbott OBE, British Consul Overall to Original England, comments, “I’m pleased that the Xodus evaluation has identified so many opportunities for UK companies to beef up the growing US offshore wind industry with their skills and skills. With the ideal quantity of installed offshore wind ability wherever in the arena, the UK is a international leader in offshore wind and our non-public and public sector skills is therefore uniquely equipped to play a a have to-maintain role in the US. In reveal to higher beef up British companies from the UK’s thriving Northern Powerhouse map, house to a few of Britain’s most dynamic offshore wind clusters, we maintain now appointed Hannah Webb as the British Consulate’s offshore wind and trim vitality Change Officer to assemble prolonged-lasting partnerships in Original England and alongside the East Soar of the United States.”

Presently all shriveled offshore wind farms under construction in the US would be found on the east flit. It is anticipated that $80 billion in CAPEX expenditures can be made in developing the industry by 2030, and that up to 80,000 jobs can be created. With basically the most modern Tale of Determination granted to Vineyard Wind I, the main industrial scale US offshore wind farm, it is anticipated that the approval of the opposite initiatives in the pipeline will velocity up.

There is a push to assemble native remark material in the US offshore wind industry, and states are desirous to entice industries that beef up all phases of wind farm construction, building and operations. It is expected that these industries will cluster round jap US ports, and the growth of a supporting provide chain will fleet observe.

“A well-known consideration for companies looking to enter the US offshore wind market is the place to put a presence. Provide chain clusters in the UK were viewed to beef up the advance of bizarre abilities and skills solutions in the offshore wind sector,” said Hannah Webb, Change Officer of Offshore Wind and Super Energy for the UK Department for International Change. “Efficient clusters work to leverage the provision capabilities within their membership to acquire linkages and generate growth opportunities. The collective query from participants enables efficiencies in each identification and supply of contracting opportunities and sector-broad beef up.”

“With the intel that Xodus is providing, we’re working to cling the negate and strengths of doable US provide chain hubs and strategizing profitable market entry for companies from the Northern Powerhouse, UK. These companies maintain essential offshore wind construction skills in the UK, Europe, and even Asia, to offer to the US market and we’re building impactful partnerships around the clusters and ports that Xodus has identified alongside the East Soar of the US.”

Over the closing twelve months, Xodus’ team has performed study into the native and regional provide chain round Massachusetts and implemented an review and gap evaluation for Hampton Roads and the southern Virginia map. The firm is also supporting SMEs in the growth of the offshore wind provide chain across the Atlantic, in Scotland.

Hillary Shiny, US VP for Renewables at Xodus said: “Builders, OEMs and Tier 1 offshore suppliers are committed to developing a US-basically basically basically based provide chain. Communicating requirements and drawing the upright companies into the US offshore wind provide chain has been cited as a region by developers and Tier 1 suppliers. Financial construction agencies, industry associations and public-non-public partnerships were established to beef up native records of the industry.  These organizations are centered on a streamlined replace of information between native companies and doable industry companions to beef up the integration of the US provide chain in offshore wind.

“There is a main maintain the profit of first mover advantage in the developing the US provide chain. The ambitious federal offshore wind ability targets are creating undertaking query to warrant a prolonged-time-frame US provide chain. There are essential export opportunities for UK provide chain companies in the route of the offshore wind undertaking phases, then again these seem like strongest in undertaking construction, building and O&M products and services the place UK companies can offer each established and innovative solutions in accordance with their skills supporting domestic offshore wind initiatives.”

Source:
Original study outlines opportunities for UK companies in growth of US offshore wind – WorldOil