The inflationary macro-economic and interest rate conditions are impacting offshore wind projects. Bids that had been accepted when the materials and financings were less expensive are no longer viable in the current environment, which further puts pressure on the buildout of the maritime infrastructure needed to serve the budding U.S. offshore wind industry.
Partner Hoyoon Nam will be discussing this topic in detail with industry experts in Marine Money New Orleans on November 30, 2022. Partner Mike Timpone and Counsel Kurt Plankl will also be in attendance to meet conference participants and discuss this important issue.