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March 30, 2021

US Government aims to deploy 30GW of offshore wind by 2030

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

By Umesh Ellichipuram

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

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
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The new target will support around 77,000 jobs and power ten million homes across the country.

The goal will spur $12bn in capital investment a year, leading to the construction of up to ten manufacturing plants for wind turbine components, new ships to install offshore turbines and up to $500m in port upgrades.

It will also provide a pathway to deploy 110GW or more offshore wind by 2050. This would support 135,000 total jobs, including 77,000 in offshore wind and 58,000 induced in communities with offshore wind activity.

The Department of Energy’s (DOE) Loan Programmes Office (LPO) has released a fact sheet to facilitate access for up to $3bn in funding to meet the target. The funding would be granted through LPO’s Title 17 Innovative Energy Loan Guarantee Programme.

Energy Secretary Jennifer Granholm said: “This offshore wind goal is proof of our commitment to using American ingenuity and might to invest in our nation, advance our own energy security and combat the climate crisis.

“The DOE is going to marshal every resource we have to get as many American companies, using as many sheets of American steel, employing as many American workers as possible in offshore wind energy in order to drive economic growth from coast to coast.”

The DOE has also announced $8m funding for 15 new offshore wind research and development (R&D) projects through the National Offshore Wind R&D Consortium, which it established in 2018.

The goal and DOE investment build on President Joe Biden’s Executive Order to address the climate crisis, which President Biden issued in January.

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
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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