Biden Administration pledges to deploy 30GW of offshore wind by 2030

The US government has unveiled a series of measures that will accelerate the development of its US offshore wind industry, including a pledge to deploy 30GW of capacity by the end of the decade.

The Biden Administration believes that the 30GW target will put the country on a path to hit a higher target of 110GW by 2050. To reach the goal, the Bureau of Ocean Energy Management (BOEM) plans to advance new lease sales and complete the review of at least 16 construction and operations plans by 2025, representing more than 19GW of projects.

There are currently only two offshore wind farms in development in the US, however BOEM has announced a Notice of Intent to prepare an Environmental Impact Statement for Ørsted’s 1.1GW Ocean Wind off the coast of New Jersey, putting it in line to become the country’s third commercial offshore project.

The government will also invest over US$500 million in new port upgrades, one to two new factories for major components including turbine nacelles, blades, towers, foundations, and subsea cables, and the construction of four to six specialised turbine installation vessels.

Secretary of Energy Jennifer Granholm said: “This offshore wind goal is proof of our commitment to using American ingenuity and might to invest in our nation, advance our own energy security, and combat the climate crisis.”

Meeting the 2030 target will trigger more than $12 billion per year in capital investment in projects, with 44,000 workers to be employed directly in offshore wind by 2030, according to the government.

@RGNonline