'US offshore wind needs federal leadership at this critical moment'

After last month’s record-breaking $405m in winning bids collected by the US government for the offshore wind lease areas in federal waters south of Massachusetts, many are taking a second look at what this level of investment means for the industry as a whole.

Clearly, the results indicate unprecedented interest in the US offshore market, and developers — including oil & gas companies such as Shell — have demonstrated a strong appetite to grow their offshore wind portfolio.