The Biden Administration is launching coordinated actions to develop new floating offshore wind platforms, an emerging clean energy technology that will help the United States lead on offshore wind.
Initiatives on Floating Offshore Wind, launched by Departments of Energy, Interior, Commerce, and Transportation, aim to deploy 15 GW of floating offshore wind capacity by 2035, power 5 million homes through this source of energy, and lower costs 70 percent by 2035.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.