OFFSHORE WIND PROJECT

In a significant and exciting move, the U.S. Department of Interior has approved the largest offshore wind project in U.S. history.  The project, off the coast of Massachusetts, is capable of serving the electrical needs of 400,000 residential and commercial buildings.  The project will produce 800 megawatts at a cost of $3 billion dollar.  It is expected to be operational in 2023.

Europe already has in excess of 22,072 MW of installed offshore wind capacity and is continuously expanding.  In 2019, Europe added 3,627 MW of addition capacity.  The United Kingdom and Germany led the way with 1,700 and 1,111 MW respectively.  Belgium, a country the size of Maryland, added 370 MW alone for a total of 1,556 MW.

It is a great first step for us, but Europe has taught us that we can do a lot more.