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Departments of Energy, Interior, Commerce, and Transportation Launch Initiatives on Floating Offshore Wind to Deploy 15 GW, Power 5 Million Homes, and Lower Costs 70% by 2035
Today, the Biden-Harris Administration is launching coordinated actions to develop new floating offshore wind platforms, an emerging clean energy technology that will help the United States lead on offshore wind. In tandem with President Biden’s economic and clean energy agenda, these actions will create good-paying jobs, lower energy costs for families, and strengthen U.S. energy security. Since taking office, President Biden’s vision and leadership has jumpstarted the American offshore wind industry and made America a magnet for clean energy investments. The President set a bold goal of deploying 30 gigawatts (GW) of offshore wind by 2030, enough to power 10 million homes with clean energy, support 77,000 jobs, and spur private investment up and down the supply chain.
Conventional offshore wind turbines can be secured directly to the sea floor in shallow waters near the East Coast and the Gulf of Mexico. However, deep-water areas that require floating platforms are home to two-thirds of America’s offshore wind energy potential, including along the West Coast and in the Gulf of Maine. The Administration’s new actions will capture this vast potential to power millions of homes and businesses, grow new manufacturing and maritime industries at home, and tackle the climate crisis.
Today’s actions will position the U.S. to lead the world on floating offshore wind technology. Globally, only 0.1 GW of floating offshore wind has been deployed to date, compared with over 50 GW of fixed-bottom offshore wind. America will seize this opportunity to be a frontrunner on floating offshore wind technologies, as part of President Biden’s plan for a clean energy economy built by American workers.
Today, White House National Climate Advisor Gina McCarthy, Energy Secretary Jennifer Granholm, and Interior Secretary Deb Haaland are joining state officials to announce:
- New Floating Offshore Wind Shot to Lower Costs by 70 Percent: Through the Energy Earthshot program, the Administration will create a new Floating Offshore Wind Shot to accelerate breakthroughs across engineering, manufacturing, and other innovation areas. The Floating Offshore Wind Shot will aim to reduce the costs of floating technologies by more than 70% by 2035, to $45 per megawatt-hour.
- New Goal to Reach 15 GW by 2035: The Administration will advance lease areas in deep waters in order to deploy 15 GW of floating offshore wind capacity by 2035—building on the President’s existing goal of deploying 30 GW of offshore wind by 2030, which will be largely met using fixed-bottom technology.
- Research & Development Investments: To support these goals, this week the Administration launched a new prize competition for floating offshore wind platform technologies; initiatives funded by the Bipartisan Infrastructure Law to develop modeling tools for project design and to analyze port needs; and other funding for research, development, and demonstration efforts.
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