Investor interest in U.S. offshore wind promising, says S&P Global Ratings
April 1, 2020
With only one offshore wind farm in operation today, the U.S. still lags behind the offshore wind market pioneers in Europe. But the balance could soon be addressed, according to S&P Global Ratings.
A recent report states that improving efficiency may increase the source’s competitiveness in the energy mix – which means American offshore wind could be set for significant expansion. As a result, an aggregated project pipeline of over 26 gigawatts (GW) of capacity is piquing investor interest.
Aneesh Prabhu, senior director at S&P Global Ratings, says: “There’s tremendous in
vestor interest due to the complementary nature of offshore wind generation with its onshore counterpart.”
TAGS: Financial Services