The U.S. is way behind in offshore wind

The U.S. currently lags way behind Europe and China in offshore wind, a fact the Biden administration hopes to change with plans to spur the development of 30 gigawatts of offshore U.S. wind generating capacity by 2030.

Why it matters: While several big commercial-scale projects along the Atlantic Coast are already in the works, there's only one small project in operation off Rhode Island as of now.