US falls 30 GW short of Biden's offshore wind goal

10 Jul 2024 CW Team

The United States is projected to significantly undershoot President Joe Biden's 2030 offshore wind target, according to an analysis by the American Clean Power Association (ACP). By 2030, the ACP estimates that there will be approximately 14 gigawatts (GW) of offshore wind capacity along U.S. coastlines, falling short of the 30 GW goal set by the Biden administration in 2021 to boost the domestic energy industry.

Offshore wind plays a pivotal role in Biden's climate strategy, aimed at creating jobs and revitalising the economy. However, challenges such as soaring materials costs, high interest rates, and supply chain disruptions have prompted several offshore wind companies to cancel or renegotiate power contracts for planned U.S. projects over the past year. These hurdles have cast doubt on the industry's ability to meet the administration's timeline.

As of June 30, current offshore wind capacity in the U.S. stands at just 174 megawatts (MW), a significant increase from 42 MW a year ago, according to the ACP. The industry has over 12 GW in advanced development or under construction, indicating ongoing efforts to ramp up capacity.

In contrast, China leads the global market with nearly 38 GW of offshore wind capacity already in operation.

The ACP's market report suggests that the U.S. could achieve the 30 GW target by 2033 and nearly 40 GW by 2035, highlighting a rapid catch-up in the years following 2030. The industry forecasts investments of $65 billion in projects by 2030, potentially generating 56,000 jobs.

(Source: ET)

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..