Menon Economics, commissioned by NHO, has conducted an analysis of the current state of public support programmes for the offshore wind industry in Europe and the USA, in light of recent changes to the respective subsidy regimes. The Inflation Reduction Act has raised the level of support for the offshore wind industry, so that projects are now eligible for investment subsidies that can cover up to 40% of the investment costs. Since the differences in the level of support are relatively small, and the electricity markets are separated between regions, it is unlikely that the Inflation Reduction Act will have a significant impact on offshore wind investments in Europe.

Contact person: Jonas Erraia