Clear 'historic roadblocks' to unleash US offshore wind investment boom: top DoE official
Principal deputy undersecretary for infrastructure Kathleen Hogan tells Recharge Global Offshore Wind Summit sector is crucial to America's climate goals
Kathleen Hogan told the Global Offshore Wind Summit held in Washington, DC, on Wednesday that potential “is brimming here in the US” for an offshore wind industry that could unleash $12bn of annual investment and underpin 77,000 jobs as it sets out to hit the 30GW by 2030 installation goal set by President Joe Biden.
The DoE official said US climate goals of a decarbonised power grid by 2035 and net zero by 2050 “would be near impossible to meet without offshore wind”, which already has a 40GW American pipeline in development and “with the surge from the IRA we see we are closer and moving more quickly”.
Hogan admitted, however, that “historic roadblocks” remain, such as “supply chain constraints and high costs to bring this industry to scale”.
Hogan said the US government would use tools available to it to help address these, along with another big challenge in the shape of grids.
“We see that to expand future development we need to resolve transmission challenges in areas adjacent to coastlines and ensure the power is brought onshore in a cost effective and equitable manner.