europe 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.

Offshore Wind Picking Up with New Developments in Scotland, South Korea, US

2012’s set to be another pivotal year for the global wind power industry. Momentum’s building behind offshore wind power, however, which has the potential to lift the industry to new heights. Scotland and South Korea’s Samsung Heavy Industries just announced a major offshore wind R&D and manufacturing investment partnership, and news announced yesterday by Interior Secretary Ken Salazar paves the way for the first auctions of US offshore wind leases.