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US Offshore Wind Blows Cold as Interest Rates Heat Up

Switched On

CHAPTER

The Rise and Challenges of US Offshore Wind

This chapter provides an overview of the US offshore wind industry, discussing its history, current progress, and challenges. It explores the impact of subsidies, inflation, and high interest rates on project developers and analyzes the competitiveness of wind energy. The chapter also addresses the implications of canceled or renegotiated offshore wind projects and the potential impact on the future of US offshore wind.

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