Electricity generated by the Vineyard Wind turbines will travel via cables buried six feet below the ocean floor to Cape Cod, where they would connect to a substation and feed into the New England grid. The company said that it expects to begin delivering wind-powered electricity in 2023. The Biden administration said that it intended to fast-track permits for other projects off the Atlantic Coast and that it would offer $3 billion in federal loan guarantees for offshore wind projects and invest in upgrades to ports across the United States to support wind turbine construction. […] The administration has pledged to build 30,000 megawatts of offshore wind in the United States by 2030. It’s a target the White House has said would spark $12 billion in capital investments annually, supporting 77,000 direct and indirect jobs by the end of the decade. If Mr. Biden’s offshore wind targets are met, it could avoid 78 million metric tons of carbon dioxide emissions, while creating new jobs and even new industries along the way, the administration said.
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