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What the Biden Administration Offshore Wind Proposal Could Mean for New York ‎Offshore Wind | Locke Lord LLP

To embed, copy and paste the code into your website or blog: On March 29, the Biden Administration issued a proposal to significantly boost U.S. investment in offshore wind energy.  In addition to several funding mechanisms, the Administration proposed to designate a significant portion of the shallow water outside New York Harbor off the coasts of New York and New Jersey, called the “New York Bight”, as a priority Wind Energy Area.  The next step is for BOEM to publish a Proposed Sale Notice for formal public comment followed by a lease process that the Administration estimates will take place in late 2021 or early 2022.

Biden Plan Backs Offshore Wind — Which Public Companies Could Power A Boom?

Biden Plan Backs Offshore Wind — Which Public Companies Could Power A Boom?
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ExxonMobil curbs spending plans, reveals path to lower-carbon future

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