Five grand challenges of offshore wind financing in the United States

Another paper published this week-end - this time of a more academic bent, the result of a seminar I participated to last year at the kind invitation of Columbia University. I’m very grateful to the full team for taking me along this ride, and helping me manage the rigors of preparing a peer-reviewed academic paper!

Offshore wind energy has the potential to play a critical role in fostering a renewable energy transformation in the United States. This owes to its massive technical potential, strategic location near densely populated coastlines, and—relative to onshore wind and solar—high capacity factors and consistent production.

The Biden Administration's target to build 30 GW of offshore wind capacity by 2030 (from 0.04 GW today) requires the creation and swift development of a new industry that interlinks the wind and power industries with the maritime sector. Critical to its success is financing.