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Port of Long Beach secures $20 million for new terminal

Saturday, October 11 2025

General – USA Terminal

The Port of Long Beach has secured a $20 million award from the California Energy Commission to advance the Pier Wind offshore wind hub.

The funding will support engineering, environmental assessments, business planning, and community engagement needed before construction begins.

The Pier Wind project is a proposed $4.7 billion facility spanning 400 acres. It will serve as a staging, storage and assembly hub for some of the world’s largest offshore wind turbines.

The Port of Long Beach will match $11 million in funding, with the $20 million award representing the largest single allocation under the Offshore Wind Energy Waterfront Facility Improvement Program.

The construction could begin as early as 2027. The first 200 acres may be finished by 2031, with the full project operational by 2035. An independent study estimates it could create over 6,000 jobs, $8 billion in wages, $14.5 billion in economic output, and $1.3 billion in state and local taxes by 2045.

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  4. Mizuho Financial Group acquires Augusta

Filed Under: Finance, funding, International projects, Port of Long Beach Tagged With: Finance, funding, Port of Long Beach, terminal

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