US pushes offshore wind energy, faces uncertainty over federal support continuity.

The US is pushing for offshore wind energy development, with a recent auction generating $92 million in revenue. A proposed bipartisan bill, the RISEE Act, aims to return 37.5% of federal wind development revenue to adjacent states for coastal projects. Despite support from the Biden administration, concerns exist about future federal backing, as seen with past opposition from the Trump administration, which could jeopardize California's plans to produce 25 gigawatts of offshore wind power by 2045.

November 13, 2024
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