US offshore wind

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.

Clean Tech Week in Review: 10 Headline News Stories

Google made a big news splash this week, announcing it was partnering with KKR to invest in four California solar power projects, but that was only one of many newsworthy stories that broke. Among them are plans to develop an East Coast grid to carry power from offshore wind farms, BP Solar quitting the business after 40 years, a second German solar power industry player filing for insolvency and a second solar investment by Warren Buffet and Berkshire Hathaway’s Mid-American Energy.

Conditions Clearing for Take-Off in US Offshore Wind Power

Offshore wind power has yet to get off the ground – or in the water – in the US. That’s despite the tremendous potential offshore wind holds in terms of supplying huge amounts of clean, renewable electricity to highly populated areas all along the US East and West coasts. Conditions are changing, however. Pike Research forecasts that US offshore wind power revenue will grow 56% annually over the next 6 years.