As part of the effort to expand offshore wind deployment, the federal government will advance lease areas in deep waters in order to deploy 15 GW of floating offshore wind capacity by 2035.
Deep-water areas that require floating platforms are home to two-thirds of America’s offshore wind energy potential, including along the West Coast and in the Gulf of Maine.
The new Floating Offshore Wind Shot initiative aims to speed up breakthroughs across engineering, manufacturing, and other innovation areas to reduce the costs of floating technologies to $45/MWh, with a goal of lowering costs by 70% by 2035.
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