Close Menu
reNEWSreNEWS
  • Home
  • Offshore Wind
  • Onshore Wind
  • Solar
  • Other News
    • Energy Storage
    • Finance
    • Grid
    • People
    • reMIX
  • More
    • Company Profiles
    • Events
    • National Wind Energy Awards 2026
Latest News

PODCAST: Is UK offshore wind back on track?

All-Energy 2026: Shanks bullish on UK clean power

GWEC, TÜREB launch wind partnership

LinkedIn Facebook X (Twitter)
LinkedIn Facebook X (Twitter)
  • Email Briefings
  • About
  • Advertise
  • Contact
reNEWSreNEWS
  • Home
  • Offshore Wind

    PODCAST: Is UK offshore wind back on track?

    May 13, 2026

    UK offshore wind pipeline reaches 93GW

    May 13, 2026

    Seaway7 completes Hai Long cable works

    May 13, 2026

    DEME names new jack-up vessel

    May 13, 2026

    Mubadala invests $325m into Hornsea 3

    May 13, 2026
  • Onshore Wind

    ENERCON to build Türkiye blade plant

    May 13, 2026

    ‘Fatality at South Korean wind farm’

    May 13, 2026

    Scottish onshore wind forum launches

    May 12, 2026

    ENOVA starts 30MW Hiddels repowering

    May 12, 2026

    Iberdrola buys 40MW Italian wind farm

    May 12, 2026
  • Solar

    VSB secures Sicily PV project approval

    May 13, 2026

    Matrix connects two Spanish renewable projects

    May 13, 2026

    Qualitas targets €10bn energy investments

    May 12, 2026

    Consultation opens for 49.9MW Barrons Solar

    May 12, 2026

    Great North Road solar nears decision

    May 11, 2026
  • Other News
    • Energy Storage
    • Finance
    • Grid
    • People
    • reMIX
  • More
    • Company Profiles
    • Events
    • National Wind Energy Awards 2026
LinkedIn Facebook X (Twitter)
reNEWSreNEWS
Home » Uncategorized » Offshore wind ‘would help save California $1bn’
Offshore Wind

Offshore wind ‘would help save California $1bn’

Eleanore RobinsonBy Eleanore RobinsonAugust 20, 20213 Mins Read
Offshore wind 'would help save California $1bn'

Offshore wind electricity could bring employment gains, cost savings, carbon dioxide reductions, and improve the stability of California’s electric grid according to a new study from the USC Schwarzenegger Institute.

California’s Offshore Wind Electric Opportunity highlights the economic impacts available as the Golden State seeks to take advantage of its coastal location by farming this natural energy resource.

Advertisement

The study estimates that developing 10GW would contribute toward total resource cost savings of approximately $1bn (€0.86bn).

Building those wind facilities could create up to 65,000 jobs during the construction phases and up to 4,500 operation and maintenance jobs for the entire lifetime of the facilities. 

Schwarzenegger Institute faculty fellows and USC Price School of Public Policy research professors Adam Rose and Dan Wei served as main authors of the report.

Rose said: “Offshore wind energy is an enormous economic opportunity for the state of California.

“Developing 10GW of offshore wind could deliver thousands of job opportunities to hard-hit communities, while saving Californians billions through lower electricity rates.”

In 2018, California passed SB 100, the California 100% Clean Energy Act.

It set the goal for California, the world’s fifth-largest economy, to produce all carbon-free electricity by 2045.

The joint agency report produced as part of the bill concluded that 10 gigawatts of offshore wind was needed to cost-effectively achieve that goal.

The Schwarzenegger Institute report explains the potential for offshore wind to play a pivotal role in meeting the goals set by SB 100, and how California is well situated to become a global hub for offshore wind development.

Former California Governor Arnold Schwarzenegger (pictured) said: “I have always said that California needs an all of the above energy strategy and there is no doubt that offshore wind is an important part of that portfolio.

“By deploying this clean energy resource, we can create thousands of jobs and meet our energy demands, all while reducing emissions and cleaning up our air.

“At the Schwarzenegger Institute, we are committed to finding solutions that reduce air pollution and climate change.”

The report acknowledges that there are challenges that must be addressed in order for offshore wind to reach its full potential in California.

These include affordability, development of transmission infrastructure and effects on the ocean environment and wildlife.

Chiu and Friedman authored the current legislation, AB 525, to answer the call of SB 100 by starting state agencies on the path toward planning and addressing these barriers.

California already is a world leader in renewable energy, and offshore wind seems like the next piece of the puzzle to reach the state goal of producing 140 gigawatts of renewable energy and storage by 2045.

Constant winds at higher speeds over water make offshore wind a more reliable and efficient method of power generation.

That could be what keeps the lights on for Californians in the future, as wildfires resulting from climate change increasingly lead to power outages.

Offshore wind energy production also is the perfect complement to California’s growing solar grid.

In the evening hours when solar energy declines is when wind energy typically peaks.

Friedman said: “Offshore wind power could not be coming at a better time for California.

“With climate change threatening power supplies across the Western US, having a local source of clean power that complements California’s solar generation will be invaluable in coming decades.” 

California Floating Wind Offshore Wind USA
Share. Facebook LinkedIn Bluesky Twitter Reddit Email Copy Link
Previous ArticleThe foundation monopolies for the first offshore wind farm in the Mediterranean, Renexia’s 30MW Taranto project, have arrived in port. 
Next Article Scots pledge to strengthen offshore wind support

Related News

California wave, tidal bill progresses

July 18, 2023

California Governor sets 20GW offshore wind target

July 25, 2022

California state bill eyes 10GW offshore by 2040

February 12, 2021
Advertisement

Latest News

PODCAST: Is UK offshore wind back on track?

May 13, 2026

All-Energy 2026: Shanks bullish on UK clean power

May 13, 2026

GWEC, TÜREB launch wind partnership

May 13, 2026

ENERCON to build Türkiye blade plant

May 13, 2026
Advertisement

Advertisement

Company Profiles
  • Collett & Sons Ltd
  • TGS
  • Seaway7
    Seaway7
  • Ørsted
  • Navantia Seanergies
    Navantia Seanergies
  • Natural Power
    Natural Power
  • LSP
    LSP Renewables
  • JDR Cable Systems Ltd
  • EEW
    EEW Special Pipe Constructions GmbH
  • Bilfinger UK
reNEWS
LinkedIn Facebook X (Twitter)
reMIX | Company Profiles | Industry Events
Get in touch | Advertising with us | About reNEWS

© 2026 Lewis Business Media. All Rights Reserved.
Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

Terms and Conditions | Privacy Policy | Cookie Policy

Type above and press Enter to search. Press Esc to cancel.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}