The Fishing and Marine Industry Daily News Feed

U.S. Rule Change Equips Offshore Wind Developers for Faster Growth

Last month, the Biden administration set out new streamlined regulation for offshore wind development as it chases its highly ambitious installation target of 30 GW by 2030.

In the first major regulatory shakeup since 2009, the U.S. Interior Department will offer more flexibility on survey requirements, reform lease auctions and improve the verification of project designs, it said.

The new rules come as the Interior Department plans to hold up to four additional offshore lease sales by 2025 and aims to complete environmental reviews of at least 16 offshore wind projects by 2025, representing over 20 GW of new capacity.

Subject to 60-day public consultation, the rule changes represent a “very big package of important incremental improvements” that is “long overdue,” Seth Kaplan, Director of Governmental and Regulatory Affairs at Ocean Winds North America, told Reuters Events.

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