U.S. Treasury revenue from offshore wind could reach $1.7 billion by 2022, study shows

The Block Island Wind Farm under construction in 2016. BOEM's extension of an environmental impact study means the Vineyard Wind project will miss its 2022 target date to start producing power, the company says. Deepwater Wind photo.

The U.S. has an opportunity to accelerate offshore wind energy growth and benefit from 28 new gigawatts of clean energy and $1.7 billion in U.S. Treasury revenue by 2022, a new study released today from research group Wood Mackenzie finds.

Findings from this study confirm additional lease areas are needed to meet demand, reduce energy costs, increase competition, and ultimately generate thousands of jobs and billions in investment. Additionally, the findings offer guidance to decision-makers...

https://www.workboat.com/news/offshore/u-s-treasury-revenue-from-offshore-wind-could-reach-1-7-billion-by-2022-study-shows/

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