Offshore Wind Public Funding

Background

Offshore wind is the renewable energy industry's newest darling. Federal and state funding opportunities have abounded in the wake of increasingly available and reliable technologies to implement the green energy source, but these opportunities coexist with myriad regulatory frameworks. Though offshore wind is not entirely without opposition, the US government and various federal and state agencies have excitedly begun working on wind power projects and incentives.

Regulatory Agencies

Several government entities have joined the efforts to increase wind energy infrastructure and consumption. Among them are the Department of Transportation's Maritime Administration ("MARAD"), the US Department of Energy ("DOE") and its subsidiaries the Office of Energy Efficiency and Renewable Energy and the Wind Energy Technologies Office, the Bureau of Ocean Energy Management ("BOEM"), the National Oceanic and Atmospheric Administration, and several state agencies