Biden's energy problem
President Joe Biden’s ambitious goal of developing 30 gigawatts of offshore wind by 2030 is under threat due to soaring costs, supply chain setbacks, and regulatory hurdles that have stymied developers and forced some to abandon contracts.
Combined, the conditions have created a perfect storm for developers in the United States, forcing a near-term existential crisis for the industry as government officials and industry leaders work to confront a cascading series of challenges, including poorly negotiated power purchase agreements, an underdeveloped offshore supply chain, and high project costs that have ballooned amid rising global demand and unanticipated global crises.
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It is supplemental energy at best. While it may be renewable it is not intermittent depending on the weather.
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