US offshore wind supply chain valued at $68bn; GE signs first split-blade 4.8 MW turbine contract

US offshore wind capex forecast to hit $68 billion by 2030. The value of the U.S. offshore wind supply chain is forecast to hit $68 billion by 2030 with 18.6 GW of new capacity contracted on the Atlantic coast, the University of Delaware said in a new report. There is currently 1.6 GW of contracted U.S. offshore wind capacity and this will rise to around 4 GW by the end of 2019, according to the report. Some 5.5 GW of new capacity is expected to be procured during 2020-2022, followed by 6.4 GW in 2022-2025, it said. The 18.6 GW of new projects will require around 1,700 offshore wind turbines and towers, representing a market value of around $29.6 billion, the study said....