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First Major U.S. Offshore Windfarm Receives Regulatory Approval

Offshore Wind, Capital Markets
June 3, 2021

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The recent approval of the Vineyard Wind Project, which upon completion would be the first major offshore wind farm project in the United States, represents a significant step in the development of the offshore renewable energy industry in the United States. In light of the current regulatory environment and the Biden administration’s focus on renewable energy infrastructure, there is reason to be optimistic that Vineyard Wind may be the first of several large scale projects built in the in the coming years. The development of this areas of the offshore industry also presents significant opportunities for the maritime sector, however compliance with the United States Jones Act and other regulatory regimes continues to cause some uncertainty as to exactly how that maritime sector will develop.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.


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