Market Assessment for the New Bedford Marine Commerce Terminal

The Massachusetts Clean Energy Center (MassCEC) manages the New Bedford Marine Commerce Terminal, a multi-purpose facility designed to support the construction, assembly, and deployment of offshore wind projects, as well as handle bulk, break-bulk, container shipping and large specialty marine cargo.  MassCEC’s goal is to ensure that the Terminal is utilized to the greatest extent possible at all times to achieve the maximum economic and job creation benefits for Massachusetts, the South Coast region, and the City of New Bedford as well as to support the Commonwealth’s offshore wind and greenhouse gas reduction goals.  MassCEC has prioritized uses of the facility related to offshore wind energy project deployment, offshore wind related activities, and other clean energy uses. 

Since the Terminal’s completion in 2015, the U.S. offshore wind market has grown significantly, with many other states following the Commonwealth’s lead, committing to more than 30 GW offshore wind by 2035.  In order to better understand the offshore wind sector and market conditions affecting the Terminal’s position within the emerging industry, MassCEC initiated a strategic assessment of the Terminal.  With support from a global team of offshore wind and renewable energy experts, a Market Assessment for the New Bedford Marine Commerce Terminal report was released in May 2021, providing insight and context on the offshore wind industry and market conditions that will influence operations at the Terminal through 2035 and beyond. The report presents the results of a detailed assessment in three key areas:

  • Offshore Wind Market Analysis – A comprehensive review and analysis of the “pipeline” of offshore wind commitments and projects;
  • Port Requirements for Offshore Wind – The identification and documentation of specific requirements for the various port facilities supporting the offshore wind industry; and,
  • Port Assets Inventory – An inventory, description, and general assessment of existing and planned port facilities and infrastructure available to support the offshore wind industry.