“The RISEE Act represents a pivotal opportunity for the port industry to contribute to America’s manufacturing sector by establishing a new wave of energy infrastructure,” said Cary S. Davis, President/CEO, AAPA. “We commend Senators Cassidy and Whitehouse for their bipartisan leadership on this forward-thinking proposal. AAPA strongly urges Congress to pass this legislation before the year concludes.”
Additionally, the RISEE Act proposes lifting the cap on federal revenue sharing with states through the Gulf of Mexico Energy Security Act (GOMESA). Presently, GOMESA provides Gulf states with funds from the oil and gas sector, which is then used for coastal resilience and ecosystem protection initiatives. If the RISEE Act is passed, it would allow Gulf states to significantly expand their investments in these crucial projects.
As the US offshore wind industry continues to grow, the absence of sufficient port infrastructure to support wind farms has become a pressing concern.
The National Renewable Energy Laboratory estimates that an additional $8 billion in port infrastructure investment is required to meet the White House’s ambitious goal of generating 30 gigawatts of offshore wind energy by 2030. The RISEE Act would play a key role in bridging this investment gap..
