Wood Mackenzie reports billions in potential revenue from offshore wind development

By WPED Staff The United States has an opportunity to accelerate offshore wind energy growth by 28 GW, generating $1.7 billion in U.S. Treasury revenue by 2022, according to a study released from the research group Wood Mackenzie.
Findings from this study confirm additional lease areas are needed to meet demand, reduce energy costs, increase competition and ultimately generate thousands of jobs and billions in investment. Additionally, the findings offer guidance to decision-makers about new offshore wind leases, which can be a short-term solution to jump-start recovery from a coronavirus pandemic-driven economic slowdown.
“The Wood Mackenzie study provides a new impetus for the designation and

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