11 Oct '11, 7pm

Conditions Clearing for Take-Off in US Offshore Wind Power

Conditions Clearing for Take-Off in US Offshore Wind Power

Photo courtesy of Pike Research Though well established and growing fast in Europe, offshore wind power has yet to get off the ground – or in the water – in the US. That’s despite the tremendous potential offshore wind holds in terms of supplying vast amounts of clean, renewable electricity to highly populated areas all along the US East, West, Gulf of Mexico and Great Lakes’ coasts. Pike Research forecasts that investment in US offshore wind power will rise steeply over the next six years, with revenue reaching $104 billion by 2017. That’s a 56% constant annual growth rate (CAGR). They could reach as high as $130.5 billion under different assumptions incorporated in a “more aggressive scenario,” according to Pike Research’s “Offshore Wind Power ” report. “The world’s best wind resources are largely untapped because they are located at marine sites that cannot be owned or ...

Full article: http://cleantechnica.com/2011/10/11/conditions-clearing-f...

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