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The California Legislature has allocated USD 225.7 million in the current budget bill to upgrade port infrastructure to support the development of offshore wind off the state’s coast.
The legislature voted to approve Proposition 4 funding for offshore wind port development in the SB 105 budget bill .
“Oceantic commends Governor Newsom, the California Legislature, and state leaders for moving forward foundational infrastructure for the U.S. offshore wind industry that will deliver jobs and economic activity for decades,” said Nancy Kirshner-Rodriguez , senior director of policy and outreach at Oceantic Network.
“While the federal government is attacking needed energy and infrastructure projects, California’s leadership is driving the market forward, delivering significant economic support that will result in local port investment and create new jobs.”
In December 2022, the Bureau of Ocean Energy Management (BOEM) held an auction that brought in over USD 757 million for the rights to five lease areas offshore California – the first US lease areas granted for future floating offshore wind development.
That same year, the California Energy Commission (CEC) adopted the increased offshore wind targets for the state. The state’s long-term goal is to achieve 25 GW of offshore wind capacity by 2045.
In 2024, the voters approved a climate bond that included USD 475 million for offshore wind-related development at California ports.
At the beginning of this year, Assembly Bill 472 was introduced in California’s state legislature, which would add an assessment of funding opportunities for offshore wind port infrastructure to the Governor’s Five-Year Infrastructure Plan.