The U.S. can potentially develop 54 GW of U.S. offshore wind projects by 2030, but only if several barriers are overcome, according to a report from the departments of Energy and Interior.
The Offshore Wind Innovation and Demonstration Initiative is a national effort to develop and deploy offshore wind technology along the eastern U.S. seaboard. The initiative reveals a strategy to overcome the challenges by reducing the cost of offshore wind and reducing the timeline for bringing projects into operations.
DOE said it will help to achieve 54 GW of generating capacity by 2030 at a cost of $0.07 per kWh with an interim target of 10 GW deployed by 2020 at a cost of $0.10/kWh. The Energy Department also said it would provide technical support to regulators, support the development of innovative technology and promote development of infrastructure needed to support offshore wind energy.
The Department offered $50.5 million in grants for the development of tools and hardware in wind turbine factories. The report also names four "Wind Energy Areas" for faster approvals by the end of 2011 or early 2012.

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