US offshore wind sets a record with 58% growth in long-term targets in Q3
The US offshore wind industry has hit the ground running: Coastal states increased their long-term offshore wind targets by 58% in the third quarter of 2022. That sets a record for quarterly growth, according to the Business Network for Offshore Wind’s inaugural “US Offshore Wind Quarterly Market Report.”
US offshore wind growth
Groundbreaking federal policy, record investments, and new state-level legislature boosted the US offshore wind industry boom in the third quarter, with three things, in particular, spurring growth, which are, according to the report:
- The Biden administration’s passage of the Inflation Reduction Act (IRA), which appropriated $369 billion in new clean energy funding, including billions in tax credits for offshore wind manufacturing.
- Federal support for a floating wind turbine industry in the US, with the Biden administration’s Floating Offshore Wind Shot initiative and a goal to deploy 15 gigawatts (GW) of offshore wind power by 2035.
- Ambitious new targets set by coastal states including California, which announced its planning goal to deploy 25 GW of floating offshore wind generation by 2045, and New Jersey, which increased its target from 7.5 GW by 2035 to 11 GW by 2040.
Liz Burdock, president and CEO of the Business Network for Offshore Wind, said:
Our inaugural quarterly report could not come at a more exciting time for offshore wind.
With historic federal funding, new support for floating wind turbine technology, and increasingly ambitious state-level goals, the longstanding aspirations of the American offshore wind industry are poised to become reality.
Despite this tremendous growth, the industry still must overcome challenges to upgrade our grid and transmission system, localize a robust supply chain, and train a skilled workforce.
Capitalizing on this momentum requires continued coordinated action from our state and federal government to deploy a comprehensive national offshore wind industrial strategy that includes critical investments in our infrastructure, ports, and manufacturers.
The “US Offshore Wind Quarterly Market Report” notes that the IRA and the Infrastructure Investment and Jobs Act, combined with efforts to bring greater transparency to the federal permitting system, underpin the beginnings of a National Offshore Wind Industrial Strategy and puts the US in striking position to achieve its goal of deploying 30 GW of offshore wind by 2030.
California has the largest US planning goal, but East Coast states lead on offshore wind commitments, development, and deployment. Massachusetts, New Jersey, New York, and Rhode Island in particular are moving the market forward at breakneck speed.
Electrek’s Take
The long-term targets are set, and the hard work has begun laying the foundations needed to deploy offshore wind at an enormous scale.
For example, as I wrote yesterday (link below), it doesn’t seem super titillating at first look that a power transformer factory is expanding. But it is because the infrastructure is being prepared for the massive amounts of clean energy that will come down the pipeline when those turbines are up and running. Ports are being upgraded. Components are being manufactured. New workers will be employed and trained up – there are potentially 44,000 jobs by 2030.
This report confirms the beginning of a US offshore wind revolution. This is, indeed, as Burdock says, an extremely exciting time.
Read more: Hitachi Energy will expand its Virginia power transformer factory to meet soaring US demand
Photo: Equinor South Brooklyn offshore wind hub
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The Mockingbird Solar Center, Ørsted’s largest solar project globally, is now online, next to protected prairie donated by the renewable energy giant.
This massive 468-megawatt (MW) solar farm is set to power 80,000 homes and businesses, providing a major boost to the Texas grid.
But the launch of Mockingbird Solar isn’t just about clean energy – it’s also about restoring precious ecosystems. Ørsted has donated 953 acres of the Smiley-Woodfin Native Prairie Grassland, which sits next to the solar center, to The Nature Conservancy. The donated land is now the Smiley Meadow Preserve, a protected area for tallgrass prairie that’s home to more than 400 species of grasses and wildflowers.
Tallgrass prairies are some of the rarest ecosystems in the US, with less than 1% of Texas’ original tallgrass prairies still in existence. Tallgrass prairie does a lot of heavy lifting for the environment, including storing carbon, preventing floods, and providing crucial habitats for pollinators.
“Native prairies are the rarest landscapes left in Texas – so much so that many people have never seen one,” said David Bezanson, land protection strategy program director for The Nature Conservancy in Texas. He added that preserving Smiley Meadow will not only conserve one of the best prairie remnants left but also help restore other prairie habitats and boost regional biodiversity.
The Mockingbird Solar Center, a half-billion-dollar project, is part of Ørsted’s $20 billion push to expand renewable energy production across the US. Beyond generating electricity, it will inject $75 million into local property taxes, benefiting schools and other public services. The project also created over 550 construction jobs and will continue to be supported by operations staff moving forward.
Ørsted worked with US companies, including First Solar, for solar panels and partnered with local businesses like Drake Construction and Pfifer Farms for construction materials. It also gave more than $50,000 to local volunteer fire departments in Roxton and Brookston.
With Mockingbird Solar now up and running, Ørsted has more than 6 gigawatts of onshore wind, solar, and battery storage projects either in operation or being built across the US.
Read more: Ørsted got a huge Tesla battery storage system for the world’s single-largest offshore wind farm
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Jeep’s first global luxury electric SUV will arrive at US dealerships any day. Despite its $72,000 price tag, lease prices for the 2024 Jeep Wagoneer S EV start at just $599 per month.
2024 Jeep Wagoneer S EV lease prices
After unveiling its first global electric SUV, Jeep’s CEO said the Wagoneer S “marks a new chapter” in its storied history.
Jeep claims the Wagoneer S packs “exhilarating performance.” With 600 hp and 617 lb-ft of torque, the big-body SUV can sprint from 0 to 60 mph in just 3.4 seconds. Its 100 kWh battery pack also gives it a driving range of over 300 miles.
The electric SUV is unmistakably still a Jeep, but it did get several upgrades to distinguish it as an EV. The grille is now enclosed without the need to cool a massive engine, giving it a sporty, more modern look.
Jeep revamped its design with a new illuminated seven-slot grille with ambient cast lightning. It also fine-tuned its profile, adding flush door handles, a rear wing, and integrated fins for better airflow.
The first Jeep Wagoneer S Launch Edition models get exclusive dark accent design elements like 20″ Gloss Black Wheels.
Inside, the electric SUV is loaded with the latest tech and connectivity, including a best-in-class 45″ of usable screen space. The setup includes a 12.3″ center screen and an exclusive 10.25″ interactive front passenger screen.
Jeep already announced that the 2024 Wagoneer S EV will start at $71,995, but now the company has revealed lease prices for the first time.
According to Jeep, the 2024 Jeep Wagoneer S Launch Edition can be leased for $599 per month for 36 months (10,000 miles per year). The deal includes $4,999 due at signing and a $7,500 EV incentive. However, you may want to act fast, as Jeep’s offer is only good until December 2, 2024.
| Jeep Wagoneer S vs Tesla Model Y | Starting Price | Range | Lease Price |
| Jeep Wagoneer S Launch Edition | $71,995 | +300 miles | $599/mo |
| Tesla Model Y RWD | $44,990 | 320 miles | $299/mo |
| Tesla Model Y AWD | $47,990 | 308 miles | $399/mo |
| Tesla Model Y AWD Performance | $51,490 | 279 miles | $599/mo |
In comparison, Tesla Model Y RWD lease prices start at $299 for 36 months with $2,999 down (10,000 miles). The Performance AWD model starts at $599 per month. In an end-of-year promo, Tesla also offers 3 months of free Supercharging and Full Self-Driving.
Ready to drive off in your new electric SUV? We can help you get started. You can use our links below to view offers on the Jeep Wagoneer S and Tesla Model Y at a dealer near you.
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