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The IRAs Impact on Wind Development by Siemens Wind

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Study

This case study addresses the following barriers that need to be addressed in wind development: The current uncertainty regarding the rules and eligibility requirements for new incentive programs, thereby limiting the ability for industry players to make significant investment decisions in the near term; The macroeconomic impacts on offshore wind projects that result from lengthy durations between wind energy procurement auctions and project construction; The growing gap between qualified workers and positions available in the domestic manufacturing of wind turbine components and the construction, operation, and servicing of wind-energy projects; The long and unpredictable permitting processes that limit project viability and transmission infrastructure; and The inadequately balanced risk-reward structures between developers and wind-turbine manufacturers.

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