Overview

• The California Energy Commission approved $42.75 million for port planning, engineering and design in what staff called the first Climate Bond appropriation for offshore wind.
• Lawmakers last month authorized about $225.7 million for offshore-wind-related port and facility spending through June 2030 from the voter-approved 2024 climate bond.
• The Port of Long Beach secured a $20 million grant for its proposed 400-acre Pier Wind terminal and will provide $11 million in matching funds to complete engineering, environmental review, business planning and community outreach.
• Additional grants went to the Port San Luis Harbor District, Humboldt Bay Harbor, and the cities of Oakland and Richmond for feasibility and planning work, with CEC staff citing Port San Luis as on track to become the first dedicated offshore wind hub.
• Pier Wind backers outline a roughly $4.7 billion build with potential construction starting in 2027 and phased acreage coming online in 2031 and 2035, with preliminary analysis projecting thousands of jobs and significant economic output.