Full Title: Advancing the Growth of the U.S. Offshore Wind Industry: Federal Funding and Incentives
Author(s): U.S. Department of Energy
Publisher(s): U.S. Department of Energy
Publication Date: April 1, 2024
Full Text: Download Resource
Description (excerpt):
The Biden-Harris Administration is using every tool available to grow an American offshore wind industry that will power millions of homes with clean electricity, create thousands of good paying jobs across the country, and strengthen our energy security while reducing dangerous climate pollution.
President Biden’s Investing in America agenda includes historic support for offshore wind
development. This document highlights key programs from the Inflation Reduction Act and Bipartisan Infrastructure Law, as well as other resources from the Departments of the Interior, Energy, Commerce, and Transportation available to support the Administration’s goals of deploying 30 gigawatts of offshore wind by 2030 and 15 gigawatts of floating offshore wind by 2035.
Highlighted here are federal resources relevant to 1) tax incentives and federal financing mechanisms to support offshore wind investment, 2) development of associated
infrastructure, including transmission, ports, and supply chain buildout, and 3) research, demonstration, and development support for offshore wind energy.