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The Biden-Harris Administration has launched coordinated actions to develop new floating offshore wind platforms. Departments of Energy, Interior, Commerce, and Transportation will launch initiatives on floating offshore wind to deploy 15 GW, power 5 million homes, and lower costs 70% by 2035.
 
White House National Climate Advisor Gina McCarthy, Energy Secretary Jennifer Granholm, and Interior Secretary Deb Haaland are joining state officials to announce:
 
New Floating Offshore Wind Shot to Lower Costs by 70 Percent: Through the Energy Earthshot program, the Administration will create a new Floating Offshore Wind Shot to accelerate breakthroughs across engineering, manufacturing, and other innovation areas. The Floating Offshore Wind Shot will aim to reduce the costs of floating technologies by more than 70% by 2035, to $45 per megawatt-hour.
 
New Goal to Reach 15 GW by 2035: The Administration will advance lease areas in deep waters in order to deploy 15 GW of floating offshore wind capacity by 2035—building on the President’s existing goal of deploying 30 GW of offshore wind by 2030, which will be largely met using fixed-bottom technology.
 
Research & Development Investments: To support these goals, this week the Administration launched a new prize competition for floating offshore wind platform technologies; initiatives funded by the Bipartisan Infrastructure Law to develop modelling tools for project design and to analyse port needs; and other funding for research, development, and demonstration efforts.
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