- Oct 17, 2011
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The offshore wind industry had projected $65 billion in investments by 2030, supporting 56,000 jobs, with significant benefits for U.S. shipbuilding and maritime operations. The current administration’s actions mark a significant departure from the previous Biden-Harris administration’s goals of deploying 30 gigawatts of offshore wind capacity by 2030 and 15 gigawatts of floating offshore wind by 2035.
While the order doesn’t affect existing lease rights, it mandates a comprehensive review of current wind energy leases for potential termination or amendment and extends to both onshore and offshore wind development pending environmental and economic review.
While the order doesn’t affect existing lease rights, it mandates a comprehensive review of current wind energy leases for potential termination or amendment and extends to both onshore and offshore wind development pending environmental and economic review.