NOIA Welcomes Offshore Wind Supply Chain Contracting Forecast

For Immediate Release: Tuesday, March 26, 2019
Contact: Nicolette Nye, (202) 465-8463, nnye@nullnoia.org

NOIA Welcomes Offshore Wind Supply Chain Contracting Forecast

Washington, D.C. The National Ocean Industries Association (NOIA) welcomes projected new business opportunities for offshore energy supply companies announced today by the Special Initiative on Offshore Wind (SIOW).  Supply Chain Contracting Forecast for U.S. Offshore Wind Power, a white paper released today by SIOW, projects that America’s nascent offshore wind industry presents a nearly $70 billion CAPEX revenue opportunity to businesses in the offshore energy supply chain. 

“NOIA has long advocated for all-of-the-above energy and new offshore energy growth in America.  Our members look forward to participating in the massive opportunity presented by offshore wind. The report identifies significant opportunities for the supply chain that will build, supply and support the U.S. offshore wind sector. By putting in clear terms the anticipated demand for foundations, towers, cable and services, America’s energy supply and service companies can begin planning to enter this growing market. We’re watching a new industry grow right here off our shores and NOIA’s members are excited to be a part of this energy future,” said NOIA President Randall Luthi.

ABOUT NOIA

NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises about 250 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.