DOE backs up support for offshore wind with more cash
By: SGN Staff
Is the U.S. offshore wind industry finally going to get its sea legs?
DOE has announced plans to invest in seven offshore wind engineering, design and deployment projects in six states to take advantage of at least some of the more than 4,000 gigawatts of untapped clean wind energy.
In the initial phase, the projects in Maine, New Jersey, Ohio, Oregon, Texas and Virginia will receive up to $4 million to finish the engineering, design and permitting phase of the award. Then, DOE will choose three of the projects for follow-up phases in siting, construction and installation with the goal of commercial operation by 2017. While subject to Congressional appropriations, the three projects will each get up to $47 million over four years.
DOE says that a U.S. offshore wind industry that takes advantage of this abundant power source could support up to 200,000 manufacturing, construction, operation and supply chain jobs throughout the country and drive more than $70 billion in annual investments by 2030. The expectation is that offshore wind's economic and energy potential could equal that of already successful land-based development.
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