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Bloomberg Intelligence

The Return of T+1 Stock Trading, Pricing Offshore Wind

May 28, 2024
In this podcast, Larry Tabb discusses T+1 stock trading, Pat Gallagher talks about market macro-outlook and insurance, Anurag Rana highlights Apple's China iPhone shipments, and Oliver Metcalfe discusses offshore wind prices. Topics include challenges of T+1 trading, tailored insurance solutions, Apple's market strategy in China, and challenges in offshore wind turbine installation.
35:00

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Quick takeaways

  • US offshore wind industry faces challenges but shows promise with commercial scale projects in NY and MA
  • Offshore wind turbines achieve high productivity levels of 40-60%, attracting key players like Vestas and Siemens Energy

Deep dives

Offshore Wind Industry Challenges in the US

The US offshore wind industry has faced difficulties recently, with around nine gigawatts of offtake contracts being canceled due to high inflation and interest rates impacting the technology's capital-intensive nature. Despite these challenges, the industry is starting to see some positive developments, such as the first commercial scale offshore wind projects coming online in New York and Massachusetts. States are adjusting subsidy mechanisms to offer developers more protection in offtake contracts, ensuring higher prices to account for project costs.

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