As we begin to cautiously look at economic recovery following the COVID-19 pandemic, millions of Americans will be searching for opportunities and businesses will need avenues to rebound. Restoring our economy and prosperity will require new thinking and building industries from scratch, starting from the bottom and working up.
Today, U.S. offshore wind is offering us that generational opening. We can bring a largely untapped ocean energy resource to American shores and create a world of opportunity in the process. A recent AWEA report finds that bringing the country’s offshore wind project pipeline to fruition will create economy-wide benefits in the form of jobs, a new American supply chain, and revitalized port and coastal communities.
States up and down the East Coast have made substantial offshore wind commitments as they look to supply many of the country’s largest population centers with competitively priced, reliable, clean energy. From Massachusetts to Virginia, these pledges now total nearly 26,000 megawatts (MW), enough to power millions of American homes and help keep utility costs stable for residents. Read on.