The departments of Energy and the Interior plan to put areas in the Atlantic on a fast track for wind-power projects, spending $50 million over five years in offshore infrastructure and supply chains. DOE wants to develop 10 GW of offshore wind power by 2020. But because of high development costs and lengthy permitting, no offshore U.S. wind farms are yet under construction. Under a plan announced on Feb. 7, DOE and DOI aim to trim those costs by funding research and development in areas such as ports, marine systems engineering and turbine design. Interior also says it will speed
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.