Interior Department Takes Steps to Strengthen Offshore Clean Energy Development
Jan. 12, 2023
The U.S. Department of the Interior announced that the Bureau of Ocean Energy Management will publish a proposed rule to update regulations for clean energy development on the U.S. Outer Continental Shelf. The proposed regulations would modernize regulations, streamline overly complex and burdensome processes, clarify ambiguous provisions and enhance compliance provisions in order to decrease costs and uncertainty associated with the deployment of offshore wind facilities. The proposed reforms are estimated to save developers approximately $1 billion over a 20 year period.
Read more from the U.S. Department of the Interior.