The US offshore wind market saw massive investments in 2022. But will they be enough to reach the Biden Administration's offshore wind lofty ambitions? Only time will tell... 

Throughout 2022, the U.S. offshore wind market saw $9.8 billion in new investments — more than three times those of the previous year, according to the Business Network market survey.  While this growth was fueled primarily by lease auction fees, more than $4.4 billion went to port infrastructure, supply chain development and transmission, the report found.  Since 2014, total new investments driven by offshore wind activity have reached $17 billion, the Business Network stated.

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