The agreement is between North America’s Building and Construction Trades Unions (NABTU) and Ørsted, an international leader in wind technology. The deal sets a model for labor-management cooperation and workforce development in the budding offshore wind industry. Ørsted has a large footprint in the wind industry having been awarded and built offshore wind farms from Maryland to Rhode Island. They have been awarded 2.9GW of power contracts and currently have the largest footprint of any offshore wind developer operating in U.S. waters. As a part of the agreement, Ørsted and their partners will work with the building trades to identify the skills needed to build an offshore wind construction workforce. According to the American Wind Energy Association, the 15 current commercial leases for offshore wind development should create 83,000 jobs, 30 GW of power, and $25 Billion in annual economic output over the next decade.