The Biden administration on March 29 announced a 30-GW U.S. offshore wind energy construction target by 2030, with new federal ocean tract leasing set for late this year or in early 2022 in the New York Bight area between Long Island, N.Y., and coastal New Jersey.
Meeting the 30-GW target “will trigger more than $12 billion per year in capital investment in projects on both U.S. coasts,” said a White House announcement.