The first US commercial-scale offshore wind farm is live, but the industry faces strong headwinds

The first week of 2024 has already been a rollercoaster of good and bad news for President Joe Biden’s offshore wind ambitions. The nation’s first large-scale wind farm just started producing power for the New England power grid. The bad news is that another major project on the East Coast threw in the towel, the latest casualty of skyrocketing costs that are pushing Biden’s offshore wind dreams out of reach.

The project alone can push the US’s offshore wind capacity to around 850MW. “This is a historic moment for the American offshore wind industry,” Massachusetts Governor Maura Healey said in the press release. “As we look ahead, Massachusetts is on a path toward energy independence thanks to our nation-leading work to stand up the offshore wind industry.” Further down the Eastern Seaboard in New York, the outlook for offshore wind dimmed this week.

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