Tag: president biden

Biden Administration Takes Action to Accelerate Offshore Wind in Gulf of Mexico and Southeast

On July 20, 2022, the US Department of the Interior (DOI) announced next steps for offshore wind (OSW) development in the Gulf of Mexico. On the same day, the Biden administration announced that it was kickstarting OSW development in the Southeast, which has been under an offshore development moratorium. With the clock ticking, BOEM held a competitive auction for two lease areas in the Carolina Long Bay area off the coast of North Carolina and issued the leases to the winners before the moratorium commenced on July 1, 2022.

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Clean Energy Will Cut Costs for Families Across the US

Fossil fuel dependence leaves the United States and its economy vulnerable in many ways. Global energy supplies are subject to the dangerous whims of foreign dictators. Breaking free from fossil fuel dependence will require the big, bold investments in the clean energy economy that are a major priority in President Joe Biden’s economic agenda. It will also lower costs for American families across the board—making for a cleaner, more reliable and more affordable future.

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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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