US Forged Rings (USFR) will invest $700 million to construct an offshore tower fabrication facility and steel forging plant on the US east coast.
“We are currently in the final stages of evaluating several potential locations on the east coast,” said Slavko Zurovac, the company’s managing director. “All potential sites are strategically positioned with access to required waterways, rail, and utilities, providing significant logistical benefits and making it competitive to supply large components.”
US-based USFR, part of Canadian steel fabricator Canadoil, said the facility would fill a critical supply chain gap for offshore wind components and help alleviate bottlenecks in a growing market.
According to USFR’s website, the facility will start commercial production in the first quarter of 2027.
It will be able to produce 100 fully coated towers annually with a maximum diameter of 10.67 metres. They will include flanges also produced in the facility, eliminating potential delays and logistics issues, lowering the overall cost, the company said.
The facility could expanded to make 200 towers annually with a diameter of up to 12.19 metres, said USFR.
BloombergNEF projects 16.4GW of US offshore wind to be operational by 2030. Only two projects totalling 42MW have been completed so far.
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