INSIGHTSSERIES
| PRODUCTS
May 6, 2024
U.S. Expedites Efforts to Expand Offshore Wind Energy
From streamlined regulations to new solicitations, ongoing federal and state actions aim to catalyze U.S. offshore wind deployment even as the industry adapts to market challenges.
The Biden administration continues to advance policies and programs to catalyze offshore wind deployment to achieve the goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030…Read the full report
Key Takeaways
- The U.S. Interior has proposed to offer areas with a potential of 18 GW in the first Gulf of Maine and Oregon offshore wind auctions.
- The U.S. Interior’s updated regulations to streamline renewable energy development on the U.S. Outer Continental Shelf are expected to save $1.9 billion for the offshore wind industry over the next two decades.
- New Jersey will utilize the State Agreement Approach – a unique collaboration with the regional grid operator – for the second time to explore options for a long-term transmission solution to accommodate up to 11 GW of offshore wind energy.
