Dominion Virginia Power’s offshore pilot proposal was an early DOE demonstration project awardee. US coastal areas have a technical offshore wind generation potential of 2,058 GW , meaning they are capable of generating 7,200 MW per year , almost double the total capacity of US wind generation in 2015 , a report says . The National Offshore Wind Strategy report from the Departments of Energy and Interior identifies policy actions that could accelerate the falling cost of offshore wind . With increased affordability from scaling , the offshore sector would progress towards 86 GW of installed capacity by 2050 – a target being pushed by the Obama administration . This would save " $ 50 billion in avoided global damages , " the paper says .
US coastal areas have a technical offshore wind generation potential of 2,058 GW , meaning they are capable of generating 7,200 MW per year , almost double the total capacity of US wind generation in 2015 , a report says . The National Offshore Wind Strategy report from the Departments of Energy and Interior identifies policy actions that could accelerate the falling cost of offshore wind . With increased affordability from scaling , the offshore sector would progress towards 86 GW of installed capacity by 2050 – a target being pushed by the Obama administration . This would save " $ 50 billion in avoided global damages , " the paper says .