Biden Administration Marks Milestone with 10th Offshore Wind Project Approval

Despite significant industry challenges, the U.S. has reached half of its 2030 offshore wind energy goal.

The Biden administration has approved 10 offshore wind projects, totaling 15 gigawatts of capacity.
Challenges include high inflation, elevated interest rates, and supply chain issues causing project delays and cancellations.
The latest project off Maryland's coast will generate over 2 gigawatts, powering 718,000 homes and creating 2,600 jobs annually.
The administration aims to achieve 30 gigawatts of offshore wind energy by 2030, but projections suggest this may not be met until 2033.
Federal investments and tax credits are crucial in supporting the offshore wind industry's development.