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Private investors’ focus on single projects could stall offshore wind development: DOE loan office head

March 1, 2023

There’s no shortage of places to spend the tens of billions of dollars allocated under the Biden administration to transmission and related infrastructure projects, federal officials said last week. But directing the funds to the best potential applications may prove more challenging, they noted.

Incentives in private markets tend to push investors and private developers to think in terms of a single project, Shah said. That can lead project developers to default to installing radial lines instead of adopting newer ideas such as mesh-style networks of high-voltage direct current lines, which could accommodate as much as 7,000 MW with a single interconnection point, Shah said.

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