The plans were unveiled as part of Obama's 2013 Federal budget request. The document states the budget for wind-energy development will rise from $93.3 million in 2012 to $95 million. The 2013 figure is a 21% increase on 2011's figure of $78 million.
Chu said the focus for the DoE will switch from onshore to offshore development, and specifically in bringing down the cost of energy.
The money will go to the Office of Energy Efficiency and Renewable Energy (EERE), which overall gets a budget increase of just under 30%.
Solar received a significantly larger increase than wind. If Obama wins the upcoming election it will receive $310 million in 2013, an increase of 7.3% on 2012's figure.
In September, The US government announced plans to invest $43 million in improving technology and infrastructure in the offshore wind-power sector.
Chu said the finance would come in the form of 41 projects focused on research, wind-turbine design and manufacture and infrastructure development.
Department of Energy said the investment would aim to improve technological and infrastructure development, increase competitiveness in the turbine market and improve information for potential investors.
Speaking about the budget increases for 2013, energy secretary Stephen Chu said: "The United States is competing in a global race for the clean-energy jobs of the future.
"The choice we face as a nation is simple: do we want the clean-energy technologies of tomorrow to be invented in America by American innovators, made by American workers and sold around the world, or do we want to concede those jobs to our competitors? We can and must compete for those jobs. This budget request includes responsible investments in an American economy that is built to last."
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