The US has approved a huge offshore wind farm off the coast of Martha's Vineyard - the first of its kind

• The Biden administration granted approval Tuesday for the nation's first large-scale offshore wind farm.
• The Vineyard Wind project would be built off the coast of Matha's Vineyard.
• The project is expected to power as many as 400,000 homes and businesses.

The US Department of the Interior approved Vineyard Wind - the first large-scale wind farm in the US - on Tuesday.

The Vineyard Wind project would be built off the coast of Martha's Vineyard in Massachusetts and is slated to create up to 800 megawatts of electricity.

That would be enough to power as many as 400,000 homes and businesses, the Interior Department said.

"A clean energy future is within our grasp in the United States," Secretary of the Interior Deb Haaland said in a statement. "The approval of this project is an important step toward advancing the Administration's goals to create good-paying union jobs while combatting climate change and powering our nation."

According to NBC Boston, the project is estimated to cost $2 billion and is part of President Joe Biden's agenda to reduce carbon emissions in the US and generate 30 gigawatts of energy from offshore wind by 2030.