In the Media
Charlie Papavizas Discusses How the Jones Act Quandary Fails to Slow U.S. Offshore Wind Momentum
In the Media
Charlie Papavizas Discusses How the Jones Act Quandary Fails to Slow U.S. Offshore Wind Momentum
January 8, 2021
Winston & Strawn Partner Charlie Papavizas recently spoke with IHS Markit about how the Jones Act quandary fails to slow U.S. offshore wind momentum.
The question of whether use of a Jones Act-compliant wind turbine installation vessel (WTIV) would be required gained more prominence in recent months, with the US Government Accountability Office (GAO) issuing a report on the delicate balancing act required as the promise of investment and well-paid jobs beckons. There are currently no Jones Act-compliant vessels capable of serving as a WTIV.
But the siren that is first-mover advantage is now calling to more than just utilities eyeing the ramping up of construction come 2022 and especially 2023.
According to Charlie, the uncertainty is decreasing and he does not expect the Jones Act to slow the sector's development. The sector will become proficient in figuring out workarounds if need be, he added.
Read the full article here.