Offshore Wind Is Likely The Next Big U.S. Renewable Sector [Forbes]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: Forbes
Mergermarket Contributor i Jul 30, 2018, 08:30am #PowerUp The sun sets over The Burbo Bank Offshore Wind Farm off the West Coast of the United Kingdom near Liverpool. Europe has nearly 20,000 megawatts of offshore wind power capaccity in operation. (Photo by Peter Byrne/PA Images via Getty Images) By Andrew Vitelli At this moment, 30 megawatts of offshore wind turbines are sending power to Narraganset Electric, the National Grid affiliate serving Rhode Island. They are the only offshore turbines in operation in the U.S., a pittance considering Europe is closing in on 20,000 MW in operation. But in the U.S. renewable sector, offshore wind is generating increasing excitement. Between dropping costs, ambitious state renewable targets, and a host of European developers looking to bring their knowledge stateside, the long-awaited US offshore wind surge is now widely seen as imminent.
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