06 Dec '12, 3pm

U.S. Offshore Wind Market Becoming 'Real' With European Interest

U.S. Offshore Wind Market Becoming 'Real' With European Interest

Developers including Spain’s Iberdrola SA , Electricite de France SA and Ireland’s Mainstream Renewable Power Ltd ., have filed official “indications of interest” for the first competitive lease auction for U.S. offshore wind farms, scheduled for next year. U.S. companies have been planning offshore turbines for more than a decade and none have been built. Having large European wind veterans evaluate the lease auctions shows that the “market is real,” said Mandelstam, who ran one of the early players in the industry, Bluewater Wind LLC. “The Europeans have been doing this since 1991,” Mandelstam said in a telephone interview yesterday. “It’s a badge of honor for the U.S. industry that the Europeans are here.” The U.S. Interior Department announced Nov. 30 plans to offer leases for wind farms off the coasts of Massachusetts, Rhode Island and Virginia. The auction will be th...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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