US Jumpstarts Offshore Wind: Targeting 30 GW by 2030

On March 29, 2021, President Joe Biden announced big plans to expand offshore wind power, with 30 GW planned along the US coasts by 2030, backed by billions in federal loan guarantees. According to DOE, this move could potentially power 10 million homes in the future and avoid 78 million metric tons of CO2 emissions. The 30 GW target will spur USD12 billion in capital investment annually

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