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Stock impact report

3 Top Stocks in Offshore Wind Power [The Motley Fool]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: The Motley Fool
The offshore wind industry may finally be taking off in the United States. These three stocks could exploit the emerging opportunity. This year or next, wind farms will overtake hydroelectric dams as the top renewable energy source in the United States, providing roughly 7% of the country's total electricity demand from an installed base of over 90,000 megawatts. And almost all the turbines will be located on land, with offshore projects kicking in a paltry 30 megawatts, or 0.033%, of that total.  While offshore wind power in the United States is not very impressive today, there are signs that the sleepy industry may finally be waking up. According to the U.S. Department of Energy , the country currently boasts a pipeline containing 28 commercial offshore with a combined capacity of 23,735 megawatts. Not every project will become a reality, and those that do may not come on line until the mid-2020s. But investors may want to begin preparing for this renewable energy op Show less Read more
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