The U.S. maritime sector stands to reap major benefits from an offshore wind initiative announced Monday by the White House that would jump-start billions of dollars of investment into ports and U.S.-made cargo ships.
The proposal, which involves oversight from several cabinet-level departments including the U.S. Department of Transportation (DOT), aims to deploy 30 gigawatts (GW) of offshore wind in the United States by 2030. Meeting the target will spur more than $12 billion per year in...
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