Offshore wind in the U.S. hit headwinds in 2023. Here's what you need to know
There's a lot riding on the nascent U.S. offshore wind industry: the ability to tap into a huge source of clean energy and reduce carbon emissions, the opportunity to create thousands of jobs, the unique chance to jumpstart a new domestic manufacturing industry. For these reasons, President Biden has made the success of the industry a pillar of his climate agenda. His administration has set an ambitious target of getting 30,000 megawatts of offshore wind power flowing into the grid by 2030, which is enough electricity to power 10 million homes. Why offshore wind is facing headwinds That goal is a long way off, and given the tumultuous year the industry just had, the future is anything but certain. 2023 has been marked by "headwinds" and "tailwinds," for the young industry. While some of the first large-scale projects in the Northeast started offshore construction and began sending power to the electric grid, the industry as a whole has been h...