US offshore wind investments more than triple in 2022, IRA to boost alternative uses

New investments in the US offshore wind market more than tripled year on year to $9.8 billion in 2022 and going forward the Inflation Reduction Act will drive alternative uses of offshore wind power, according to the Business Network for Offshore Wind’s annual US Offshore Wind Market Report released Feb. 21. The federal government held three successful auctions in 2022…

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