Energy

U.S. announces plans to ramp up offshore wind capacity in a big way

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The Block Island Wind Farm, photographed in 2016, is located in waters off the east coast of the United States.

DON EMMERT | AFP | Getty Images

The U.S. wants to expand its offshore wind capacity to 30 gigawatts by 2030, a move the Biden administration hopes will generate thousands of jobs and unlock billions of dollars in investment in coming years.

The target, announced by the Departments of Energy, Interior and Commerce on Monday, represents a significant ramp-up of America’s fledgling offshore wind industry, which trails other parts of the world.

The United States’ first offshore wind facility, the 30 megawatt Block Island Wind Farm, began commercial operations in late 2016. By contrast,…



Source cnbc.com

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