The U.S. offshore wind industry is falling further behind the rest of the world in building projects, according to a new report.
The U.S. fell to 12th place globally for installed offshore wind power at the end of 2023, down from 10th place the previous year, said the analysis Tuesday from the American Clean Power Association, a U.S. trade group for renewable energy. The slip is a testament to major growth in wind investment internationally, according to the group.
China, which has more installed wind capacity than any other country, reached nearly 40,000 megawatts of installed offshore turbines last year, a 20 percent jump from 2022. Meanwhile, the U.S. is not expected to meet President Joe Biden’s 2030 target of 30,000 MW of offshore wind power until 2033, the group said.
The lag illustrates the young age of the U.S. offshore wind industry, which installed its first major project this year.
