IBDRY - Biden unveils big push for offshore wind projects

The Biden administration today unveiled a goal to expand U.S. offshore wind energy in the coming decade by opening new areas to development, accelerating permits and increasing public financing for projects.The plan sets a target to deploy 30 GW of offshore wind energy by 2030, which the administration says will power 10M homes and cut 78M metric tons/year of carbon dioxide.One of the first steps in the plan will be to open a new offshore wind energy development zone in the New York Bight, an area between Long Island and New Jersey, with a lease auction later this year.The administration says it is accelerating the permitting process for the Ocean Wind project off New Jersey's southern coast, the first of what it hopes are 10 reviews starting this year; in December, Public Service Enterprise Group (PEG) bought a 25% stake in the project from Ørsted North America. Europe is well

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Biden unveils big push for offshore wind projects