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May 26, 2021updated 14 Jun 2021 12:52pm

US to open up California coast for offshore wind development

These wind power projects could generate 4.6GW of clean energy, enough to power 1.6 million homes over the next ten years.

By Umesh Ellichipuram

The US Federal Government and the California Government have announced an agreement to open up more than 25,000 acres off the West Coast for commercial-scale offshore wind development.

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What’s next for offshore wind in New York?

The state government of New York recently announced an investment of $500 mn in the offshore wind segment as part of its 2022 State of the State Plan. This is a great booster for the state, which is betting big on offshore wind energy.   This new investment will support New York’s third offshore wind procurement in 2022, showing the state government’s intent to make New York a leader in the offshore wind space.  GlobalData’s expert analysis delves into the current state and potential growth of the offshore wind market in one of the US’s most prominent states. We cover: 
  • Wind capacity 
  • Biden administration targets for the market 
  • Investment strategies  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Under this pact, the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) plans to offer lease sale as early as next year.

The wind power projects will be built in the federal waters of Morro Bay and Humboldt Bay.

These sites could generate 4.6GW of clean energy, enough to power 1.6 million homes over the next ten years.

California Governor Gavin Newsom said: “Developing offshore wind to produce clean, renewable energy could be a game changer for achieving California’s clean energy goals and addressing climate change, all while bolstering the economy and creating new jobs.

“This historic announcement, which could provide clean power for up to 1.6 million homes over the next decade, represents the innovative approach we need for a clean energy economy that protects the coasts, fisheries, marine life and tribal and cultural resources we value so much as Californians.”

Secretary of the Interior Deb Haaland said: “The offshore wind industry has the potential to create tens of thousands of good-paying union jobs across the nation, while combating the negative effects of climate change.

“[The] Interior is proud to be part of an all-of-government approach toward the Biden-Harris administration’s ambitious renewable energy goals.”

Governor Newsom has also proposed $20m in funding to support the state’s offshore wind capacity, as part of the California Comeback Plan.

The agreement will focus on the use of floating offshore wind platforms with more than 95% of the proposed lease sale site, located 20 to 30 miles off the California Coast.

In March, the US Government announced a national goal to create 30GW of offshore wind capacity by 2030, in an effort to cut 78 million metric tonnes of carbon dioxide emissions.

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Free Report
img

What’s next for offshore wind in New York?

The state government of New York recently announced an investment of $500 mn in the offshore wind segment as part of its 2022 State of the State Plan. This is a great booster for the state, which is betting big on offshore wind energy.   This new investment will support New York’s third offshore wind procurement in 2022, showing the state government’s intent to make New York a leader in the offshore wind space.  GlobalData’s expert analysis delves into the current state and potential growth of the offshore wind market in one of the US’s most prominent states. We cover: 
  • Wind capacity 
  • Biden administration targets for the market 
  • Investment strategies  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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