Even as it pushes forward to develop U.S. offshore wind energy—with a lease auction now set in the Gulf of Mexico by year end, an accelerated “earthshot” for floating wind technology and nearly $10 billion in investment into the sector last year—the Biden administration goal to have 30 GW of domestic wind facilities in operation by 2030 may fall short based on current project trajectory, says a key advocacy group.
Long-term offshore wind energy targets set by states rose 79% in 2022, and investments in the market tripled to $9.8 billion, with about $4.4 billion directed to port infrastructure, supply chain development, and transmission, said the Business Network for Offshore Wind in its 2023 market outlook.