Offshore Renewable Energy Development: New Goals and Environmental Protection
This act aims to accelerate the development of offshore wind energy, setting ambitious production targets for 2030 and 2035. It introduces new rules for leasing offshore areas, considering environmental protection, tribal culture, and benefits for local communities and workers. It also establishes a compensation fund for those affected by energy projects.
Key points
Increase offshore wind energy production to 30 gigawatts by 2030 and 50 gigawatts by 2035.
Establish an Offshore Renewable Energy Compensation Fund to support fishermen and other groups affected by wind farm construction, covering lost gear or income.
Require Project Labor Agreements and prioritize U.S.-made products and services for offshore wind farm construction, supporting local jobs and industry.
Create an Offshore Power Administration to plan, build, and manage transmission infrastructure for offshore renewable energy, streamlining energy delivery to the grid.
Increase funding for government agencies to accelerate and improve permitting processes and environmental and cultural reviews, including consultations with Native American tribes.
Expired
Additional Information
Print number: 118_HR_10508
Sponsor: Rep. Tonko, Paul [D-NY-20]
Process start date: 2024-12-18