California allocates $45 million to kick-start offshore wind in a $2 Billion Clean Energy Budget

California’s Governor Gavin Newsom unveiled a state budget proposal for the 2022-2023 fiscal year on 10 January, following the revision issued in May 2021 which dedicated USD 20 million for offshore wind activities. The budget proposed now raises this to USD 45 million.

The USD 2 billion budget for the Clean Energy Investment Plan is meant to spur additional innovation and deployment of clean energy technologies in the state’s energy system, with most of the funding (USD 962.4 million) set to provide resources to accelerate decarbonisation of existing buildings.

With USD 45 million for offshore wind activities, to be led by the California Energy Commission, the government wants to advance the development of offshore wind energy in federal waters off the state’s coast. This involves creating an Offshore Wind Energy Deployment Facility Improvement Program to advance the capabilities of deploying offshore wind energy off California in the areas of facility planning and development.

The announced investment in offshore wind activities comes a few months after Governor Newsom enacted the state’s new offshore wind bill, which requires the California Energy Commission to evaluate and quantify the maximum feasible capacity of offshore wind on or before 1 June 2022 and to establish offshore wind planning goals for 2030 and 2045 to achieve the state’s renewable energy goals by that time.

Source: Californian News.

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