Monday, March 3, 2025

California Allocates USD 45 Million to Kick-Start Offshore Wind in USD 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…

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