Category: Business News
HOUSTON (WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of projects in the Gulf of Mexico, Central Atlantic and off the Oregon coast.
Jocelyn Braun-Saracino, the offshore wind lead for the DOE, outlined the department’s strategy to advance offshore wind development during the OTC session “Shaping the Future: Offshore Wind Growth in the United States” on Thursday.
“Achieving this goal will be critical in creating a new industry, revitalizing the nation’s water fronts, creating good-paying jobs and critically helping address the nation’s climate emergency … from an economic perspective, meeting that goal could also spur $12 billion in capital investments and projects annually between now and 2030,” Braun-Saracino said.
Source: World Oil