25 Oct '13, 4pm

Clean Energy Investment Opportunity: Offshore Wind

Clean Energy Investment Opportunity: Offshore Wind

In 2011, the U.S. Department of Energy and the U.S. Department of Interior jointly published anational offshore wind strategy . According to the report, in areas with less than 100 feet of water the generating potential of offshore wind equals the entire generating capacity of the current U.S. electric system . If you include all of the potential offshore wind capacity, marine-based windmills could generate four times the current U.S. electrical demand! A big plus is that some of the best offshore wind sites are near major population centers of New England, the mid-Atlantic, Gulf of Mexico and mid-Pacific coasts. The strategy estimates a deployable offshore resource that could generate 10 gigawatts of electricity in less than 10 years, at a cost of $0.10/kWh. This projection increases five-fold by 2020, to 54 gigawatts generated at $0.07/kWh. This would make offshore wind ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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Offshore Wind Investment Opportunities

Offshore Wind Investment Opportunities

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Offshore Wind Has Tremendous Investment Potential

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