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A New Hope Lifts US Offshore Wind Industry Out Of Doldrums

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Maryland is back on track to develop its offshore wind resources into a powerful multi-state hub with Virginia and North Carolina.

Maryland is back on track to develop its offshore wind resources, with a timely assist from the state legislature .

US Wind got a shot of adrenaline in 2020 when the leading asset management firm Apollo Global Management climbed on board as a strategic investor with a commitment of up to $265 million to support development and construction costs for “This legislation is a game-changer for the Maryland offshore wind program,” said US Wind CEO Jeffrey Grybowski, US Wind CEO in a press statement supporting the legislative effort to repair the damage after Ørsted dropped the offtake ball.

 

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