In recent years, offshore wind costs have tumbled, leading to significant potential growth in the industry. However, US offshore wind developers setting up their supply chains need to be prepared to navigate a complicated regulatory scheme involving overlapping federal and state laws, and adequately protect themselves with contracts that reflect the unpredictability of building wind turbines in the ocean. Offshore wind supply chain ventures will also likely face environmental opposition, despite the clean energy moniker. Our colleague, Sarah Rathke, discusses the key issues offshore developers should keep in mind while building their supply chains. The client alert may be accessed here: Offshore Wind: Getting Your Supply Chain Right.
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