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Subject
US offshore wind projects.
Significance
Offshore wind has been a mostly uncharted frontier for the US renewable energy industry. That started to change late last year, when the first offshore wind farm started up off Rhode Island, a milestone moment for the sector. Now project developers are looking to build on this success with billions of dollars' worth of new projects being proposed along US shores.
Impacts
Offshore wind projects could provide new business to offshore hydrocarbon development service providers.
Gulf Coast ports and fabricators active in offshore oil and gas development will see new business from offshore wind projects.
A large-scale buildout of offshore wind would offer an economic and employment boon to coastal states.
Keywords:
United States,
NA,
Europe,
Norway,
economy,
industry,
electricity,
energy,
investment,
prices,
renewable energy,
government,
regional,
construction,
corporate,
natural resources
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2017
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