The U.S. wants to expand its offshore wind capacity to 30 gigawatts by 2030, a move the Biden administration hopes will generate thousands of jobs and unlock billions of dollars in investment in coming years.

The target, announced by the Departments of Energy, Interior and Commerce on Monday, represents a significant ramp-up of America’s fledgling offshore wind industry, which trails other parts of the world.

U.S. Announces Plans to Ramp Up Offshore Wind Capacity in a Big Way | Devamı>>>

Oil and gas markets are ensnared by oversupply and falling prices, not to mention a global pandemic. It illustrates the need to be more responsive to changes in the energy climate. And the good news is that the signs are pointing to more investment in renewables, specifically offshore wind power.

It’s a business decision that is also addressing climate change. A new report by Wood MacKenzie says that $211 billion will get invested in offshore wind over the next five years — something that is well-suited for oil and gas companies.

Oil And Gas Companies See Opportunity In Offshore Wind Energy | Devamı>>>