Economic Impact & Financing

2018 Massachusetts Offshore Wind Workforce Assessment

Source/Sponsor: 
Massachusetts Clean Energy Center
Creator/Author: 
Massachusetts Clean Energy Center
Description: 

The Massachusetts Clean Energy Center released the 2018 Massachusetts Offshore Wind Workforce Assessment, which examines the workforce needs and economic impact of the emerging offshore wind industry.

This report presents the results of a comprehensive workforce and economic analysis that estimates the labor needs and economic impacts associated with the planning, construction, and maintenance of offshore wind (OSW) energy in the Massachusetts and Rhode Island/Massachusetts Wind Energy Areas (WEAs). Informed by the experience of the OSW industry’s emergence in Europe, dozens of in-depth interviews, and a detailed economic analysis, this report is designed to provide state and regional policymakers with actionable recommendations they can use to maximize the economic benefits of the emerging OSW industry for Massachusetts, its communities, and its workforce.

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Publication Date: 
Tuesday, May 1, 2018
5 MB
Resource Type: 
Document

Estimating the Value of Offshore Wind Along the United States’ Eastern Coast

Source/Sponsor: 
Lawrence Berkeley National Laboratory
Creator/Author: 
Andrew D. Mills, Dev Millstein, Seongeun Jeong, Luke Lavin, Ryan Wiser, Mark Bolinger
Description: 
A new study by Lawrence Berkeley National Laboratory (LBNL) finds that the market value of offshore wind varies significantly along the U.S. East Coast, depending on the time-varying wind resource profile at a given site, as well as local pricing and market rules within the regional power market.
 
LBNL researchers explored a hypothetical question: what would the marginal economic value of offshore wind projects on the East Coast have been between 2007-2016? The study finds that the historical market value – considering only energy, capacity, and REC value – varies by project location, and is highest for sites offshore NY, CT, RI, and MA
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1 MB
Publication Date: 
Tuesday, May 1, 2018
Resource Type: 
Document
Multi-State:

New York State Offshore Wind Master Plan Released

Source/Sponsor: 
New York State Energy Research and Development Authority
Creator/Author: 
New York State Energy Research and Development Authority
Description: 

New York State Energy Research and Development Authority has coordinated on behalf of the State all the work being conducted by New York State agencies in the development of offshore wind resources. As part of its leadership role, NYSERDA spearheaded the development of the New York State Offshore Wind Master Plan, a comprehensive roadmap that encourages the development of offshore wind in a manner that is sensitive to environmental, maritime, economic, and social issues while addressing market barriers and aiming to lower costs.

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Publication Date: 
Tuesday, January 30, 2018
2 MB
Resource Type: 
Document
State: 

Maine Establishes the Maine Wind Energy Advisory Commission

Source/Sponsor: 
Gov. Paul R. Lepage
Creator/Author: 
Gov. Paul R. Lepage
Description: 

Maine Gov. Paul R. Lepage has issued an order establishing the Maine Wind Energy Advisory Commission to study economic impacts of potential wind turbines, assess the economic impact of expedited wind rules and procedures, and develop recommendations in a written report. Until the report is issued in writing, no permits related to wind turbines are permitted. The order notes that "the scenic vistas and pristine waters of Western Maine, our coast and coastal islands, and our significant avian migratory pathways attract significant tourism to the State."

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Publication Date: 
Wednesday, January 24, 2018
53 KB
Resource Type: 
Document
State: 

Massachusetts RFP for 400 MW of Offshore Wind Generation

Source/Sponsor: 
Massachusetts Department of Energy Resources
Creator/Author: 
Massachusetts Department of Energy Resources
Description: 
In coordination with the Massachusetts Department of Energy Resources (DOER), the state’s investor-owned electric distribution companies (Fitchburg Gas & Electric Light Co., d/b/a Unitil; Massachusetts Electric Co., d/b/a National Grid; Nantucket Electric Co., d/b/a National Grid; NSTAR Electric Co. d/b/a Eversource Energy; and Western Massachusetts Electric Co., d/b/a Eversource Energy) issued a joint RFP for 400 MW of offshore wind generation. 
 
Bids were received from Bay State Wind, Deepwater Wind, and Vineyard Wind. The bids can be viewed here.
pdf
Publication Date: 
Thursday, June 29, 2017
613 KB
Resource Type: 
Document

U.S. Jones Act Compliant Offshore Wind Turbine Installation Vessel Study

Source/Sponsor: 
NYSERDA, MassCEC, MADOER, RI Office of Energy Resources, Clean Energy States Alliance
Creator/Author: 
GustoMSC
Description: 

The U.S. Jones Act Compliant Offshore Wind Turbine Installation Vessel Study examines the functional requirements and costs of constructing purpose-built vessels that would comply with the U.S. Jones Act and meet the needs of the U.S. offshore wind industry. The Jones Act requires any vessel transporting cargo between U.S. ports, or between U.S. ports and offshore facilities, be built and flagged in the U.S. The study presents designs for two Jones Act compliant vessel options: a wind turbine installation vessel and a feeder barge. Estimating packages were sent to multiple U.S. shipyards and indicative prices of $222 million for the wind turbine installation vessel and $87 million for feeder barge were received. Using the cost data, a business model was created that showed 10-years of work, or a pipeline of approximately 3,500 to 4,000 megawatts of offshore wind capacity (roughly equivalent to the expected low regional offshore wind deployment trajectory), would provide the owner of a wind turbine installation vessel with a reasonable rate of return.

pdf
Publication Date: 
Thursday, November 2, 2017
8 MB
Resource Type: 
Document

U.S. Job Creation in Offshore Wind Report

Source/Sponsor: 
NYSERDA, MassCEC, MADOER, RI Office of Energy Resources, Clean Energy States Alliance
Creator/Author: 
BVG Associates Limited
Description: 

The U.S. Job Creation in Offshore Wind report quantifies the job impacts of offshore wind development and specifies the types of jobs to be created. A high market scenario of 8,000 megawatts by 2030 would yield a peak of over 16,000 full-time equivalent (FTE) baseline jobs in the U.S. in 2028, with baseline jobs being ones for which there are no compelling reasons why the work would not be performed by U.S. workers. The jobs most likely to be performed in the U.S. include project development and management, supply and installation of electrical substations and subsea cable, and wind farm operation and maintenance. Additional jobs are also possible, with manufacturing jobs seen as the sector with the greatest potential. When the additional jobs that have a high or medium probability of being performed in the U.S. are included, the number of U.S. jobs would climb to over 36,000 FTE annually between 2026 and 2028. A low market scenario of 4,000 megawatts would create roughly half as many baseline jobs as the high scenario and a smaller proportion of high or medium probability jobs. The high scenario would also trigger more investment in new factories and vessels in the US.

pdf
Publication Date: 
Thursday, November 2, 2017
3 MB
Resource Type: 
Document

Northeast Offshore Wind Regional Market Characterization Report

Source/Sponsor: 
NYSERDA, MassCEC, MADOER, RI Office of Energy Resources, Clean Energy States Alliance
Creator/Author: 
Sustainable Energy Advantage, LLC
Description: 

The Northeast Offshore Wind Regional Market Characterization report identifies the opportunities and challenges that will shape the offshore wind market. It estimates the scale of potential offshore wind deployment to serve Northeast markets through 2030, given the nature of the offshore wind resource, federal lease opportunities, state policies, regional energy needs, existing electricity generation and planned retirements, and transmission capacity. The report finds that a low regional deployment trajectory could lead to 4,000 megawatts of offshore wind generation by 2030 off the Atlantic coast of the Northeast. A high regional deployment trajectory could lead to nearly 8,000 megawatts, which could power almost four million homes. The report also provides background information on topics ranging from interconnection infrastructure and permitting timelines to electricity markets and relevant public policies.

pdf
Publication Date: 
Thursday, November 2, 2017
5 MB
Resource Type: 
Document

2016 Offshore Wind Technologies Market Report Released by DOE

Source/Sponsor: 
U.S. Department of Energy
Creator/Author: 
Office of Energy Efficiency and Renewable Energy
Description: 
The 2016 Offshore Wind Technologies Market Report was developed by the National Renewable Energy Laboratory (NREL) for the U.S. Department of Energy (DOE) and is intended to provide offshore wind policymakers, regulators, developers, researchers, engineers, financiers, and supply chain participants, with quantitative information about the offshore wind market, technology, and cost trends in the United States and worldwide. 
 
In particular, this report is intended to provide detailed information on the domestic offshore wind industry to provide context to help navigate technical and market barriers and opportunities. The scope of the report covers the status of the 111 operating offshore wind projects in the global fleet through December 31, 2016, and provides the status and analysis on a broader pipeline of 593 projects at some stage of development. In addition, this report provides a wider assessment of domestic developments and events through the second quarter of 2017 to provide a more up-to-date discussion of this dynamically evolving industry.
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5 MB
Publication Date: 
Tuesday, August 1, 2017
Resource Type: 
Document

Delaware Establishes Offshore Wind Working Group

Source/Sponsor: 
State of Delaware
Creator/Author: 
State of Delaware
Description: 
Delaware Governor John Carney on August 28, 2017 signed an executive order establishing the Offshore Wind Working Group to study potential environmental and economic development benefits of offshore wind development to serve Delaware.
 
The working group will begin meeting in September and will review economic opportunities and environmental benefits of offshore wind development, and the costs and benefits of developing offshore wind. Working group members also will review laws and regulations governing the development of renewable energy, and recommend changes. Additionally, they will identify barriers and opportunities involved in developing offshore wind to benefit Delawareans.
 
By December 15, 2017, the working group will submit a report to the Governor that makes recommendations on short- and long-term strategies for developing wind power to serve Delaware, and plans to develop job opportunities in the offshore wind industry. The group also will draft any necessary legislation, including possible amendments to Delaware’s Renewable Energy Portfolio Standards Act.
pdf
Publication Date: 
Monday, August 28, 2017
51 KB
Resource Type: 
Document
State: 

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