Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

California sets big targets for offshore wind

Commodities Aug 10, 2022 08:16PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The sun sets over the Pacific Ocean on the summer solstice in Santa Monica, California, U.S., June 21, 2022. REUTERS/Lucy Nicholson/File Photo

(Reuters) - California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050.

In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3,000 to 5,000 megawatts (MW) of offshore wind by 2030 and 25,000 MW by 2045, the agency said in a statement.

California has among the most aggressive climate change goals in the country, but its foray into offshore wind has lagged that of East Coast states like New York, New Jersey and Massachusetts, where the industry is more mature.

Projects off the California coast would require using floating turbines, an emerging technology, because of the depth of the outer continental shelf in the Pacific Ocean.

In a statement, the CEC said offshore wind would help the state meet its goal of decarbonizing the electricity sector by 2045 because it can produce power after the sun goes down.

"This remarkable resource will generate clean electricity around the clock and help us transition away from fossil fuel-based energy as quickly as possible while ensuring grid reliability," CEC Chair David Hochschild said in a statement.

The CEC had been directed by a state law passed last year to quantify the maximum amount of offshore wind that would be achievable by 2030 and 2045.

The Business Network for Offshore Wind, an industry group, said the goal is "the largest and furthest reaching offshore wind goal of any state."

The Biden administration has a nationwide goal of generating 30 GW of power from offshore wind by 2030. To help meet that goal, earlier this year the Interior Department proposed auctioning five areas off the coast of California near Morro Bay off the central coast and in the north near Humboldt County.

California sets big targets for offshore wind
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Kelly Mayer
Kelly Mayer Aug 10, 2022 7:53PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They also believe in unicorns.
Benjamin USA
Benjamin USA Aug 10, 2022 7:53PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Cuckflake
Kelly Mayer
Kelly Mayer Aug 10, 2022 7:53PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Benjamin USA  Despicable human being wannabe.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email