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The installation of the Coastal Virginia Offshore Wind pilot turbines are now complete. Photo: Dominion Energy
RALEIGH – The state is well positioned to attract a significant portion of the growing offshore wind energy industry, according to a report released Wednesday by the North Carolina Department of Commerce.
The report by BVG Associates, a consulting company with extensive wind energy experience, and N.C. State’s Clean Energy Technology Center, forecasts East Coast offshore capacity exceeding 40 gigawatts by 2035. North Carolina stands to benefit from a more than $100 billion market opportunity, officials said.
The forecast includes industry investment of $140 billion in supply chain, equipment and operational costs related to wind facilities. The report finds that North Carolina manufacturers can address and supply equipment for the entire East Coast market, not just for projects directly off the state’s coast.