Biden sets goal of enough floating offshore wind to power 5 million homes by 2035

The Biden administration announced new initiatives Thursday to stand up thousands of megawatts of floating offshore wind capacity over the next decade to supplement fixed wind capacity constructed in more shallow waters.

The administration set a goal of deploying 15 gigawatts of installed floating offshore wind capacity, enough to power 5 million homes, by 2035, the deadline President Joe Biden set for achieving a carbon-free power sector. Officials also announced new programs at the Department of Energy designed to help make floating wind technologies cheaper and ensure they can be deployed at a commercial scale.