Offshore wind: Opportunities in $200B investment or in peril from Trump

(The Center Square) – A new report provides a plan on preparing the North Carolina workforce for jobs in the offshore wind industry and how businesses in the state can benefit.

The North Carolina Task Force for Offshore Wind Economic Resource Strategies, or NC Towers for short, gave its final report to outgoing Gov. Roy Cooper and the General Assembly. NC Towers highlighted proposed legislation that can help the state receive some of the projected $200 billion investment in the offshore wind pipeline.

“North Carolina is uniquely positioned to attract billions of dollars in economic investment and the tens of thousands of family-sustaining jobs from the offshore wind industry,” Cooper said in a statement. “Targeted investments in North Carolina’s ports, supply chain development and workforce training programs will help our state secure our share of the benefits the offshore wind industry is already bringing to East Coast states.”

Among the recommendations in the report is a state appropriation of up to $50 million for improvements to Radio Island at the Port of Morehead City to “facilitate offshore wind economic development opportunities at the site.”

There is a vacant 154-acre site on the island that could be developed as a terminal to support automotive and manufacturing facilities, the report said.

- Advertisement -

Potential improvement modifications to the pier include a new berthing facility to accommodate larger vessels and new rail spurs for a manufacturing facility and warehouse space.

“North Carolina should grow its tools to encourage new and expanding businesses in the offshore wind industry by identifying and preparing new sites, strengthening critical assets and resources and broadening the supply chain,” the report recommends.

There are 30 offshore wind projects in place or under construction on the East Coast, representing a total investment of more than $200 billion, the state said.

Of all clean energy sectors, consensus opinion is offshore wind is most threatened by President-elect Donald Trump. In fact, he’s vowed to take action on Day 1.

“North Carolina’s central location on the East Coast means we can support the responsible development of offshore wind up and down the entire Eastern Seaboard by supplying parts manufactured in North Carolina, as well as providing maritime support,” the state’s Commerce Secretary, Machelle Baker Sanders, said in a statement. “Targeted investments in North Carolina’s ports, supply chain development and workforce training programs will help our state secure our share of the benefits the offshore wind industry is bringing to East Coast states.”

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Everyday Economics: The jobs report mirage: Hiring looks fine until revisions hit

Last week’s jobs report said the U.S. added 130,000...

Smith & Wesson wins appeal chance in Highland Park lawsuits

Gunmaker Smith & Wesson will get a chance to...

Texas Republicans alarmed about comptroller candidate’s purchase of Epstein ranch

(The Center Square) – Texas Republicans are expressing alarm...

27 members of TdA, anti-Tren members charged in New York

(The Center Square) – An additional 27 members of...

Illinois Quick Hits: Foreign national faces harboring, forced labor charges

(The Center Square) – A Honduran citizen residing in...

More like this
Related

Everyday Economics: The jobs report mirage: Hiring looks fine until revisions hit

Last week’s jobs report said the U.S. added 130,000...

Smith & Wesson wins appeal chance in Highland Park lawsuits

Gunmaker Smith & Wesson will get a chance to...

Texas Republicans alarmed about comptroller candidate’s purchase of Epstein ranch

(The Center Square) – Texas Republicans are expressing alarm...