ACP Statement on US Expansion of Offshore Wind Energy

“Today’s announcement by the Biden administration to develop 15 gigawatts of floating offshore wind by 2035 and set targets for further innovation is a game changer. These bold actions will create the project pipeline necessary to spark investment in a new domestic supply chain and allow the U.S. to lead in this emerging technology. Paired with the recently enacted Inflation Reduction Act, these targets will dramatically reduce costs for offshore wind development, allowing deployment of clean energy at the scale needed to take action to address climate change.

California and Oregon have some of the best wind resources in the world, and floating offshore wind is crucial to harnessing these resources due to the depth of the ocean floor along the West Coast. Innovation in floating wind turbines will make offshore wind more efficient, grow a more robust American supply chain, and bring down the cost of energy for consumers. It will enable offshore wind developers to compete alongside other energy sources at a time when we must use every available clean energy resource to decarbonize our grid and enhance energy security and grid reliability.

We applaud this announcement and look forward to working closely with the Administration and our members to bring this ambitious plan to life.”