The U.S. can potentially develop 54 GW of U.S. offshore wind projects by 2030, but only if several barriers are overcome, according to a report from the departments of Energy and Interior.
The Offshore Wind Innovation and Demonstration Initiative is a national effort to develop and deploy offshore wind technology along the eastern U.S. seaboard. The initiative reveals a strategy to overcome the challenges by reducing the cost of offshore wind and reducing the timeline for bringing projects into operations.
DOE said it will help to achieve 54 GW of generating capacity by 2030 at a cost of $0.07 per kWh with an interim target of 10 GW deployed by 2020 at a cost of $0.10/kWh. The Energy Department also said it would provide technical support to regulators, support the development of innovative technology and promote development of infrastructure needed to support offshore wind energy.
The Department offered $50.5 million in grants for the development of tools and hardware in wind turbine factories. The report also names four "Wind Energy Areas" for faster approvals by the end of 2011 or early 2012.

Read more news and features on renewable energy.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...