As the Bureau of Ocean Energy Management (BOEM) offers more offshore wind lease sales on both coasts, power plant developers and operators have said they have plans for more than 6 GW of capacity installments through 2029, according to the Energy Information Administration (EIA).

While the East Coast has remained relatively unaffected by the integration of renewables, offshore wind development could affect the amount of gas-fired power generation that could be retired, according to BTU Analytics LLC.

When the grid is uncongested, thermal power plants such as natural gas plants in New England dispatch according to economics. Renewable resources, like offshore wind, have a lower variable cost of generating electricity because of tax incentives and therefore would be dispatched...