REUTERS/Brian Snyder/File Photo Acquire Licensing RightsCompanies Orsted A/S FollowSept 18 (Reuters) - U.S. President Joe Biden's plan to deploy 30,000 megawatts (MW) of offshore wind by 2030 is still possible, although not easy, the CEO of Orsted (ORSTED.CO), the world's largest offshore wind developer, said on Monday at the Climate Week NYC event in New York.
The Biden administration has passed lucrative subsidies aimed at helping companies build new offshore wind power capacity to help decarbonize the power sector and revitalize domestic manufacturing.
But offshore wind developers have said that certain tax credits in the Inflation Reduction Act, Biden's landmark climate change law, are insufficient and are lobbying for less stringent rules around qualifying for the credits.
Last week, the governors of six Northeastern states urged Biden to direct his administration to take actions to support struggling offshore wind projects.
Offshore wind is crucial to the targets of Northeast states who want to move away from fossil fuel-fired electricity.
Persons:
Brian Snyder, Joe Biden's, Mads Nipper, Nipper, Biden, Scott DiSavino, Nichola Groom, Shariq Khan, Mark Porter, Marguerita Choy
Organizations:
U.S . Coast Guard, REUTERS, Biden, Rhode, Thomson
Locations:
Rhode, New York, Danish, Maryland , Connecticut , Massachusetts , New Jersey , New York, U.S, Los Angeles