The U.S. has long made it difficult for the wind sector to operate within the U.S.
A century old federal law, the Jones Act, has required goods shipped in the water to be transported on ships that are built in the U.S., owned by U.S. companies and operated by U.S. citizens. Therefore, the federal law has complicated the shipping process for non-U.S. companies.
However, with the leading offshore wind company, Ørsted, making a multi-million investment to construct a ship that’s compliant with the Jones Act, it indicates Ørsted’s dedication and optimism in the U.S. offshore wind market. Investments such as these is the next step forward to help the industry grow. Together with Edison Chouest Offshore (ECO) and Eversource, Ørsted will execute a long-term charter agreement for a U.S. compliant Service Operations Wessel. The vessel will ease the infrastructure of shipping within the wind industry, and will allow the wind sector to grow substantially in the U.S.
Thomas Brostrøm, CEO of Ørsted North America, Offshore, stated the following:
“It is hard to state what this moment means for this new, multi- billion-dollar industry. The SOV is not only a crucial part of our plans to build out and operate our Northeast Wind Farms, but it represents just how far reaching the economic impacts of offshore wind can be; offshore wind means massive investments for U.S. companies and jobs for American workers, even those in states without active projects.”
To read more on the agreement, click HERE.
Source and picture rights: Ørsted