U.S. Offshore Wind Energy Purveyors Gaining Ground
Despite low natural-gas prices that are dampening the competitiveness of renewables, the U.S. offshore-wind industry continues to gain ground. Eleven projects, totaling 3,824 megawatts, are in “advanced” stages of development, according to a U.S. Dept. of Energy study by Navigant Consulting.
The 11 projects have either received approval for a lease in federal or state waters, conducted baseline studies or secured a power-purchase agreement.