Offshore wind has become a core asset class for numerous investors and lenders in Europe — and the same may soon be true in the US.

We see all the European trends coming to the US market — supporting technological advances, supply chains, and growth at competitive costs, even as subsidies expire:

a) big utilities and oil & gas companies want to scale renewables, and are comfortable with development, technology, and operating risk; b) more lenders are lending at lower rates; and c) institutional investors want to own equity stakes, providing projects with funding options.