Biden signs 9-state offshore wind supply chain pact while funding $72m towards manufacturing - Recharge
Biden signs 9-state offshore wind supply chain pact while funding $72m towards manufacturing | Recharge
US President Joe Biden’s administration has responded to the offshore wind industry’s pleas for support with a series of announced supply chain initiatives aimed at spurring regional collaboration and advanced manufacturing.
The White House announced Thursday that nine east coast states and four federal agencies signed a memorandum of understanding (MoU) to strengthen regional offshore wind supply chain development cooperation.
Global headwinds of high inflation and interest rates as well as supply chain turmoil have buffeted the US sector particularly hard as it struggles to develop.
Related Knowledge Center: Offshore drilling
The Biden administration is proposing additional leasing for offshore oil and gas drilling, largely limiting the plan to the Gulf of Mexico.