The Honorable Governor Ralph Northam of Virginia included a new Office of Offshore Wind and $40M for Portsmouth Marine Terminal in Budget Proposal announcement today.
The Network released the following statement:
“Governor Northam’s creation of a new Office of Offshore Wind is a coordinated approach that ensures successful economic development through the attraction of the foreign and domestic investment needed to build a fully functioning supply chain. We have seen this approach work in other areas around the world,” said Liz Burdock, President & CEO of the Business Network for Offshore Wind. “the state’s $40 million investment in the Portsmouth Marine Terminal is the other key element to success.”
Burdock added that these budget proposals combined with the CVOW 12-megawatt project currently under construction and Dominion Energy’s proposed 2640MW offshore wind farm solidifies Virginia as a regional powerhouse in the East Coast offshore wind marketplace. These initiatives will also insure that the state continues to progress toward its goal of 2500 MW of offshore wind by 2026.
For more information visit offshorewindus.org
