The U.S. has over 4,000 gigawatts of offshore wind capacity, one of the best offshore wind resources in the world, a new report from UC Berkeley, Energy Innovation, and Grid Lab finds. If the correct policy actions are taken in the near-term, those resources could account for as much as one quarter of U.S. electricity generation in less than 30 years, employ up to 390,000 people, and generate up to $1.8 trillion in economic development — all without materially impacting electricity costs.

Offshore wind resources are also located near some of the country’s most populous regions. “The good news about this offshore wind potential is it is spread out across the country from the East Coast, West Coast to the Gulf, as well as the Great Lakes region,” UC Berkeley senior scientist Nikit Abhyankar said in a statement. “This will be a critical resource to diversify our clean energy supply.” The Biden administration has set goals of generating 30GW of traditional offshore wind by 2030 and 15 GW of floating offshore wind generation by 2035. (The Verge, Recharge News, Riviera, KCBX, reNEWS, Staten Island Live,, California Examiner)