Biden's 'Clean Energy Revolution' Launches With More Than $3 Billion for Offshore Wind Project

Biden’s ‘Clean Energy Revolution’ Launches With More Than $3 Billion for Offshore Wind Project

The U.S. steps up environmental commitments with new clean energy wind project.

A massive wind energy project is coming to New Jersey, the Biden administration announced today. The U.S. currently only has one wind project running off the coast of Rhode Island.

The move, the administration says, it part of the “clean energy revolution,” Biden promised on the campaign trail. The announcement falls in line with the creation of a Civilian Climate Corps, which he’s expected to launch next month. The wind energy project is expected to create more than 44,000 jobs by 2030 and more than 30,000 community-focused jobs surrounding the projects. The New Jersey wind project is expected to generate enough wind energy to power more than 10 million homes and reduce nearly 80 million metric tons of carbon dioxide emissions a year.

In his first week in office, President Biden signed an executive order to the interior secretary for offshore wind projects and a goal of doubling their numbers by 2030. The administration set a goal for the country’s energy grid to be 100 percent powered by clean sources by 2035.

wind farm

‘An Enormous Opportunity’

“President Biden has declared very clearly that when he thinks of climate, he thinks of people and jobs—good-paying, union jobs,” national climate advisor Gina McCarthy said in a statement. “That’s because President Biden believes we have an enormous opportunity in front of us to not only address the threats of climate change, but use it as a chance to create millions of good-paying, union jobs that will fuel America’s economic recovery, rebuild the middle class, and make sure we bounce back from the crises we face,” she said.

“Nowhere is the scale of that opportunity clearer than for offshore wind. This commitment to a new, untapped industry will create pathways to the middle class for people from all backgrounds and communities,” McCarthy added.

The project includes $3 billion in debt capital from the Department of Energy’s loan program, as well as $230 million from the Department of Transportation to develop port projects supporting the offshore wind. The project will also see the creation of a partnership with the Department of Commerce’s National Oceanic and Atmospheric Administration in data sharing.

Interior Secretary Deb Haaland said on Monday the move emphasizes the need for the U.S. to develop renewable energy resources, particularly amid the “interlocking challenges of a global pandemic, economic downturn, racial injustice, and the climate crisis. We have to transition to a brighter future for everyone.”

SHARE
Similar stories

Sign up for our newsletter