Is Biden’s offshore wind turbine plan worth it? What to know.

Experts say Biden’s announcement to invest nearly $50 million in offshore wind power can move the nation to the forefront of cutting edge technology.

The Biden administration is making a big bet that 60-story wind turbines floating 20 miles or more off the nation’s coasts will produce a significant amount of cheap energy while creating new and lucrative industries. 

The initiative, announced last week, invests nearly $50 million to boost floating offshore wind turbine technology, an arena the U.S. has lagged in. It could propel the country to the forefront of cutting edge climate technology.