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the cost of wind

The US is expecting to create a whole manufacturing industry which will grow on the back of investments, contracts, manufacturing, jobs and services, for the offshore wind sector.

How Likely Is This?

In the longer term it is obvious that having significant manufacturing capacity in coastal US states makes more sense than making components elsewhere and sending them on long sea journeys to their installation site. However, in the short term the sector will require a great deal of imported machinery and skills.

International free trade has been instrumental in creating a positive marketplace for offshore wind, by driving down costs and accelerating growth. Unfortunately, this has had contrary effects on local prosperity, where areas do not receive the benefits of investment. Public and political support for offshore wind developments can therefore be undermined. Read on.