Despite Hurdles, Offshore Wind Energy Potential Is Generating Hype in the U.S.
Forbes | November 15, 2018 | Ken Silverstein
While the potential for offshore wind energy in the United States is quite large, the industry has faced mounting disappointments due to problems with cost and general logistics. The suspension of the Cape Wind project, along with the cancelling of offshore wind plans by groups such as NRG Energy and Siemens Gamesa, show how offshore wind farms have yet to prove themselves viable in the United States. Some of the obstacles that stand in the way of their implementation include the high cost of laying down underseas transmission cables and the cheaper price of building natural gas plants. However, Europe’s offshore wind deals account for 10% of its annual wind energy installations, which is evidence that offshore wind energy is possible elsewhere in the world. Since the coastline of New Jersey is looking like the ideal spot on the Atlantic coastline to construct offshore wind farms, offshore wind energy may be prevalent by as soon as 2020. -JK