In an article published in POWER Magazine on June 22, 2021, Shareholder Gregory Zerzan discusses the news surrounding the U.S. Department of the Interior, in conjunction with the Department of the Navy and the State of California, announcing plans in late May to offer leases to develop offshore wind projects for the north-central coast of California.
“The announcement represents a tangible step in fulfilling the commitment made by President Biden to double offshore U.S. wind energy production by 2030. Given that there are only two operational offshore wind farms in the U.S., the commitment may not have seemed very ambitious. But given the obstacles such projects face, there is reason to believe that even that limited goal may be unrealistic,” Zerzan explained.
Once research concludes, if it is confirmed there is a possibility for reliable, renewable and affordable energy with no negative aesthetic or political effects, this may mean the end for offshore wind. “In the meantime, however, the prospects for West Coast offshore wind have never been greater. With one set of approvals already granted and more likely on the way, West Coast residents are closer than ever to having offshore wind facilities spinning off the coast,” Zerzan concluded.
For the full article, you may click here.