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Bidens Offshore Wind Targets Get Pushed Out Amid US Sector Chaos

Posted on June 6, 2024

BNEF sees nation meeting less than half the 2030 goal, but predicts it will be world’s second largest market by 2040

BloombergNEF has once again lowered its 2030 forecast for US offshore wind capacity to just 13.1GW on slower “than initially anticipated” project timelines, the research consultancy noted in its 1H 2024 Offshore Wind Market Outlook report.

The 30GW of offshore wind capacity by 2030 target set by President Joe Biden’s administration in 2021 “appeared out of reach from the beginning”, the consultancy said. BNEF has consecutively lowered its forecast over the past three years.


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