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On March 29, 2021, the Biden administration issued a fact sheet (Fact Sheet) announcing a set
of bold actions that will catalyze offshore wind energy, strengthen
the domestic supply chain, and create good-paying, union
jobs. Included in the announcement is a target to deploy 30
GW of offshore wind by 2030 to support 77,000 jobs, power 10
million homes and cut 78 million metric tons in carbon
emissions.
1 The actions were announced at a White House
roundtable that included National Climate Advisor Gina McCarthy,
Interior Secretary Deb Haaland, Energy Secretary Jennifer Granholm,
Biden Administration Jumpstarts Offshore Wind Energy Projects to Create Jobs | Mayer Brown - Tax Equity Times jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Image: Dominion Energy The Biden administration continues making its renewable energy moves and has set a goal of deploy 30 gW of power generation capacity in US waters by 2030.
While the pundits can argue about whether Biden is creating a “Green New Deal”, or something slightly different, the impacts are all very positive for offshore wind energy’s future.
Previously the Department of the Interior (DOI) committed to approving construction plans for 19 gW by 2025, indicating an attempt to speed up what had been a very cumbersome project review cadence during the Trump years.
Environmental reviews, a critical part of offshore wind projects, are also in a faster lane; the DOI intends to review Ocean Wind, a big project (1.1 gW) offshore the New Jersey Coast; Vineyard Wind (800 mW) and South Fork Wind (130 mW) are already in this crucial part of the review pipeline.
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On March 29, the Biden Administration issued a proposal to significantly boost U.S. investment in offshore wind energy. In addition to several funding mechanisms, the Administration proposed to designate a significant portion of the shallow water outside New York Harbor off the coasts of New York and New Jersey, called the “New York Bight”, as a priority Wind Energy Area. The next step is for BOEM to publish a Proposed Sale Notice for formal public comment followed by a lease process that the Administration estimates will take place in late 2021 or early 2022.