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CURRENT ISSUE

OFFSHORE WIND
What size market will offshore wind farms create for the U.S. marine industry?

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Negligible

February 2, 2010

Budget boost for offshore wind

Offshore wind gets a boost in the Obama administration's FY 2011 budget request, but not deepwater oil and gas.

U.S. Energy Secretary Steven Chu said yesterday that the $28.4 billion Fiscal Year 2011 budget request for the Department of Energy "cuts wasteful spending while making wise investments in innovation and clean energy."

The proposed cuts include terminating the Ultra-Deepwater exploration program, saving $50 million and canceling planned expansion of the Strategic Petroleum Reserve, saving $71 million.

The Department is looking for a $42.5 million increase in funding for its Wind Energy program and says that in FY 2011 the program is launching a robust offshore wind R&D effort to address technical, scaling, environmental, regulatory, and public acceptance risks to accelerate clean energy contributions from untapped offshore wind resources.

Meantime, at the Department of the Interior, the FY 2011 budget for the Minerals Management Servi includes a program increase of $3.5 million to continue the development of the MMS Renewable Energy program, which regulates oversight of the access and potential development of the abundant renewable energy sources of the Outer Continental Shelf (OCS). This increase builds on the $24.0 million in additional funding for OCS renewable energy development provided by the Congress in FY 2010.


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