Overview of U.S. State-Level Offshore Wind Policies and Procurement Activities
The pace of offshore wind energy procurement in the United States has rapidly accelerated in recent years. U.S. states along the Atlantic Coast have set procurement goals for offshore wind energy to meet Renewable Portfolio Standards and serve state policy objectives. Currently, projects with a total capacity of 6.4 gigawatts (GW) have established long-term contracts with utility off-takers. This webinar will out these recent developments into context by:
- Providing an overview of state-level offshore wind policies in the United States
- Describing trends in offshore wind power purchase agreements (PPAs) and offshore renewable energy credit (OREC) contracts
- Explaining difference in support regimes across U.S. states with respect to statutory authority and solicitation procedures
- Comparing and contrasting state offshore wind procurement mechanism, specifically focusing on how they are integrated in to RPS policies, wholesale market participation, revenue allocation, cost containment, and transmission considerations.