Economic Impact & Financing

The report outlines research priorities and identifies areas where additional research is needed to accelerate the deployment of offshore wind energy and support the growth of a domestic offshore wind industry. The roadmap is intended to guide the allocation of funds by the consortium for R&D initiatives that will help drive innovation and reduce the cost of offshore wind energy. The report identifies several key focus areas, including technology innovation, design and analysis tools, supply chain development, and workforce training and development. Additionally, the roadmap provides a framework for collaboration and coordination among industry, academia, and government entities to accelerate the development of offshore wind energy.

The report outlines a series of strategies and actions that can be taken by federal and state agencies, industry, academia, and other stakeholders to accelerate the deployment of offshore wind energy and support the growth of a domestic offshore wind industry. The report highlights the potential economic, environmental, and social benefits of offshore wind energy, and identifies key challenges and barriers that need to be addressed, such as regulatory and permitting processes, infrastructure development, and workforce training. Additionally, the report provides recommendations for advancing technology innovation and research, improving stakeholder engagement and collaboration, and increasing public awareness and support for offshore wind energy.

The U.S. Department of Energy (DOE) says it has released its Offshore Wind Energy Strategy, a summary of offshore wind energy by 2030 and set the nation on a pathway to 110 GW or more by 2050.

In a new development in the pursuit of a clean energy future, the U.S. Department of the Interior today announced that the Bureau of Ocean Energy Management will hold an offshore wind energy lease sale on Dec. 6, 2022, for areas on the Outer Continental Shelf off central and northern California.

The U.S. Department of Energy announced the Floating Offshore Wind Shot, a new $50 million interagency initiative to grow the amount of renewable energy available in the United States by driving the development of floating offshore wind energy.

The website contains details about the current offshore wind projects in the region, including their size, location, and expected completion dates. It also provides updates on the progress of these projects, as well as information about the economic and environmental benefits of offshore wind energy. Additionally, the website offers resources for stakeholders and the general public who want to learn more about offshore wind energy in Maryland.

Biden's executive actions include kickstarting potential for offshore wind in Gulf of Mexico, which includes the DOI announcement to seek public input on two potential Wind Energy Areas—one off the coast of Galveston, TX and Lake Charles, LA; another action includes advancing clean energy development off the coasts of FL, GA, NC, SC - ensuring that these southeast states will be able to benefit from good-paying jobs.

BOEM seeks public participation in shaping the future of offshore wind energy by inviting comments on its draft Environmental Impact Statement (EIS) for the proposed SouthCoast Wind (formerly Mayflower Wind) energy project offshore Massachusetts.   

BOEM invites public participation in shaping the future of offshore wind energy by seeking comments on the proposed wind project's draft environmental analysis. Your voice matters, and this initiative reflects BOEM's commitment to transparency and stakeholder engagement in the decision-making process.

The Department of the Interior announces the launch of an environmental review for the first proposed wind energy project in federal waters off the coast of Massachusetts, marking a significant step towards the Biden-Harris administration's goal of deploying 30 GW of offshore wind by 2030.