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Biden Executive Order Could Accelerate Offshore Windfarm Development

power

Industry Segment: Power | Word Count: 763 Words
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SUGAR LAND, TEXAS--February 8, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. offshore wind power development may get a long-needed boost from President Joe Biden's executive order, issued January 28, in which he pledged to "double renewable energy production from offshore wind by 2030." Industrial Info is tracking 29 active offshore wind projects in the U.S., valued at $37.42 billion.

Within this article: Beacon Wind Phase 1 and Empire Wind Phase 2 offshore wind-power projects. Companies featured: Equinor (NYSE:EQNR), BP Plc (NYSE:BP), Dominion Energy (NYSE:D)

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