The Business Network for Offshore Wind has hailed the election of Joe Biden to be the 46th president of the United States as promising to usher in a renewed focus on renewable energy strategies, including the offshore wind energy industry.
“Under the Biden Administration,” says the Business Network, “it is expected that offshore wind will experience substantial growth from projects, supply chain development, and job creation.”
The U.S. offshore wind sector already has 30 GW in capacity procurement commitments from East Coast states.
The Business Network says that President-elect Biden has indicated he intends to provide a level playing field with tax policies for clean energy technologies, hopefully, with a multi-year extension of tax credits for all renewables projects and complimentary standalone battery storage; and by reducing the country’s substantial fossil-fuel subsidies.
“The election of President-elect Joe Biden puts the offshore wind energy industry on the precipice of substantial growth with the support of an Administration that promises to put significant focus back on renewable energy, offshore wind among the beneficiaries,” said Liz Burdock, CEO of the Business Network for Offshore Wind.
NOIA ISSUES CONGRATULATIONS
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement on the election of Joe Biden as the next U.S. President:
“While the political landscape may look different after today, the promise of American energy remains constant. From offshore wind projects along the Atlantic Coast to oil and gas production in the Gulf of Mexico, the benefits of American energy production lift every American, regardless of party. NOIA congratulates President-elect Biden on his election win and looks forward to working with his administration and the incoming Congress.
“Whether they are freshly elected or incumbent, our elected officials should recognize that the U.S. offshore energy industry is an irreplaceable asset. The offshore industry provides a foundation of homegrown energy, jobs, economic opportunity, and billions of dollars of government revenue. These benefits are provided with a focus on safety and environmental stewardship, precluding many issues associated with environmental justice, as production occurs many miles from onshore populations. And America’s offshore oil and natural gas producers, wind operators and service and supply companies are already aligned to innovate and scale the innovation and technologies needed to solve energy challenges, including climate change.
“Together, we can pursue an offshore energy agenda that helps every American.”