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RSS feed source: US Energy Information Administration

In-brief analysis

July 9, 2024

The amount of offshore wind generating capacity that is under construction or planned in the United States is in flux after two projects in New Jersey were canceled last year. Of the 7,200 megawatts (MW) of capacity reported in May in EIA’s latest Preliminary Monthly Electric Generator Inventory, projects totaling about 2,400 MW have been canceled since last December while others totaling 4,800 MW remain active in various stages of development.

In late 2023, developer Orsted canceled the 2,400-MW Ocean Wind 1 and 2 projects in New Jersey, citing rising interest rates, high inflation, and supply chain delays.

Under construction
One offshore wind project is currently under construction, and another is awaiting commercial operation. Both projects are expected to begin operation in 2024. The 130-MW South Fork Wind project is awaiting commercial

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