EU offshore wind

Deepwater Wind Wins America’s First Offshore Wind Competitive Lease Sale

Deepwater Wind has won the Interior Department’s first-ever competitive offshore wind lease auction, totaling 164,750 acres near Rhode Island and Massachusetts.

Deepwater’s $3.8 million bid wins it the right to build the Deepwater Wind Energy Center, a 1,000MW utility-scale wind farm with 200 turbines and a regional transmission system linking to New York State and southeastern New England.

Offshore Wind Industry Will Become €130 Billion Annual Market By 2020

Offshore wind power may yet not match the overall strength of onshore wind, but the industry is on course grow rapidly to become an €130 billion annual global market by 2020.

A new report from industry consultants Roland Berger, “Offshore Wind Toward 2020,” concludes a combination of industry trends will soon make offshore wind cost competitive with other generation sources in many markets.