ENVIRONMENTAL & INDUSTRY LEADERS WORKING TOGETHER TO GROW RENEWABLE ENERGY.

The opportunity is enormous. By utilizing sites located on the Outer Continental Shelf (OCS), the Department of Energy estimates offshore wind’s technical potential at over 2,000 gigawatts (GW) (or double the amount of all existing U.S. electricity), 86 GW of which could be developed by 2050.

Atlantic coastal states see the economic and environmental opportunities afforded by offshore wind and have collectively issued procurement targets for 29 GW of offshore wind. In response, experienced developers are ready to invest in the jobs, technology and resources needed to make offshore wind a reality.

ENVIRONMENTAL & INDUSTRY LEADERS WORKING TOGETHER TO GROW RENEWABLE ENERGY.

The opportunity is enormous. By utilizing sites located on the Outer Continental Shelf (OCS), the Department of Energy estimates offshore wind’s technical potential at over 2,000 gigawatts (GW) (or double the amount of all existing U.S. electricity), 86 GW of which could be developed by 2050.

Atlantic coastal states see the economic and environmental opportunities afforded by offshore wind and have collectively issued procurement targets for 29 GW of offshore wind. In response, experienced developers are ready to invest in the jobs, technology and resources needed to make offshore wind a reality.

A CRITICAL MOMENT FOR OFFSHORE WIND

Offshore wind generation is ready to bring jobs, investment and climate-friendly power to the United States. The technology has been tested and proven in Europe where it coexists with marine wildlife and other ocean industries. RENEW Northeast and our board of environmental and industry leaders believe that adopting responsibly developed offshore wind is critical to meeting our nation’s climate and economic challenges.

We recognize and agree that all large electric generation projects must go through robust permitting, environmental and public review processes. Offshore wind is no different. For nearly a decade, regional and federal regulators have been engaged in extensive data collection, stakeholder input and site analysis. Our members have been actively involved in this process and in finding solutions that balance competing interests.

We are now at a critical juncture. Since 2012, the Bureau of Ocean Energy Management (BOEM), the federal agency charged with granting leases, permits, and rights of way for offshore renewable energy, has awarded 15 leases on over 1.7 million acres on the OCS to offshore wind developers seeking to build 21 GW of power.

ANTICIPATED BENEFITS OF OFFSHORE WIND ALONG THE ATLANTIC COAST BY 2030:

$25 billion in annual economic output

$57 billion direct investment

83,000 well-paying jobs by 2030
Cost competitive power for retail customers
Climate-friendly power that will help states meet clean energy goals
Development of new supply chain and support businesses

SOURCE: U.S. Offshore Wind Power Economic Impact Assessment, AWEA, March 2020

Share This