Two U.S. steel fabricators and a German pipe manufacturer have announced the formation of a joint venture to produce components for the 130-turbine Cape Wind farm in development off Nantucket Sound and other offshore wind farms emerging along the East Coast. EEW Group Monopile foundations at at EEW's Rostock, Germany facility, similar to the facility that will be built in Massachusetts to serve nascent offshore wind industry off the U.S. Atlantic coast. Related Links: Building Cape Wind Wont Be a Breeze Offshore Support for Onshore Wind “The announcement signals the beginning of a domestic supply chain that will create new
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.