PHOTO COURTESY OF London Array Ltd. Competition in New England and revived interest in Texas are perking up wind market. Government streamlining of leases for Rhode Island and Massachusetts and changing market conditions in Texas are breathing new life into offshore wind projects in those states.On Aug. 18, Winchester, Mass.-based Neptune Wind announced it plans to develop, construct and operate a 500-MW wind farm about 20 nautical miles south of the Massachusetts-Rhode Island border. The announcement came a day after U.S. Secretary of the Interior Ken Salazar and Michael R. Bromwich, director of the Bureau of Ocean Energy Management, Regulation
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.