California wants a carbon-free economy by 2045: Can floating offshore wind help it get there?

Utility Dive

Emerging floating offshore wind technologies could save California electricity customers billions in the next two decades and play a key role in achieving the state’s ambitious climate and renewable energy goals, a new report concludes. But the mechanics of floating wind remain unproven at scale and developers face multiple permitting and financing hurdles. Nevertheless, California could be where floating offshore wind (OSW) finally breaks into the U.S. market. Two California load serving entities—community choice providers Monterey Bay Community Power and Redwood Coast Energy Authority—have signed non-binding offtaker agreements with floating OSW developers.

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