Senate Bill (SB) 867 (Allen, Chapter 83, Statutes of 2024), approved by voters in Proposition 4 (2024), also known as the “Climate Bond”, provides the California Energy Commission (CEC) authority to support the development of offshore wind generation by making up to $475 million available, upon appropriation by the Legislature, for activities related to the construction, expansion, and improvement, as well as upgrades, of public port infrastructure. The Legislature appropriated $225.719 million for fiscal year 2025-2026 via SB 105 (Wiener, Chapter 104, Statutes of 2025). The appropriation also authorizes the CEC to use up to $42.75 million to provide incentives to support offshore wind infrastructure improvements consistent with the Offshore Wind Waterfront Facility Improvement Program, established pursuant to Section 25666 of the Public Resources Code.
SB 105 requires the CEC to prepare a report describing the use of Climate Bond funding. The report must be provided to the relevant policy and budget committees of the Legislature and the Legislative Analyst’s Office no later than January 10, 2026. The report must include the following:
Information on each project that has received a grant award as of January 10, 2026: name, description, Climate Bond award amount, amount of non-state funding secured to date, and estimated total project cost.
A proposed plan for the use of any Climate Bond funds designated for offshore wind that remain unawarded as of January 10, 2026, including an estimated schedule, description of award processes, and types of projects that are anticipated to be funded.
This report provides an overview of CEC’s plan for implementing grants to support offshore wind ports, pursuant to SB 867, as of October 24, 2025 and includes a description of processes and considerations that the CEC anticipates for the development of one or more future competitive grant solicitations. CEC staff will develop grant solicitations that aim to advance the readiness of California ports for floating offshore wind staging, integration, manufacturing, and assembly based on the requirements in SB 867, staff research, consultations with experts and through a public process.
