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Regulatory hurdles for offshore wind remain high even with the new clean energy law

For centuries, global commerce moved by the power of offshore wind. While the age of the trading schooner is long past, the power of offshore wind as a modern-day energy resource has barely begun to be tapped.

Offshore wind has the potential to provide more than the total amount of energy used worldwide today. In the United States alone, the Department of Energy estimates that we have 7200 terawatt hours of offshore wind potential (nearly double our current electricity use).

Nonetheless, offshore wind today provides less than 1% of global energy supply, and very little of that is U.S. based. The newly passed Inflation Reduction Act of 2022 aims to spur further development of offshore wind projects in the U.S. by providing new financial incentives, but regulatory hurdles continue to pose issues for such development.

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