WHAT WILL IT TAKE TO POWER 23 MILLION HOMES WITH OFFSHORE WIND? — Global Possibilities Org
For the first time, the United States government has outlined a strategy to tap an enormous source of renewable energy—offshore wind.
How much? According to the report, titled The National Offshore Wind Strategy, as much as 86,000 megawatts of electricity could be generated by offshore wind by 2050—enough to power 23 million homes while reducing the country’s greenhouse gas emissions by 1.8 percent.
The Obama administration unveils a strategy to exploit a vast but untapped source of renewable energy. (Photo: AWEA)
Across the Atlantic, Germany, the United Kingdom, Denmark, and other countries had installed more than 10,000 megawatts’ worth of offshore wind farm power by 2016, more than doubling the continent’s capacity in three years.
Asia and Europe currently have a combined 12,107
Megawatts of offshore wind capacity. The U.S. has zero.
(Chart: GWEC, 2016)
Early projects, constructed some two decades ago, required large government subsidies to cover the high price of developing unproved offshore wind farms. Those early projects blazed a path for companies to scale construction and installation, allowing for the development of 100-plus turbine fields that can produce electricity at competitive rates.
“Much of the cost-reduction progress seen in European markets can translate to the United States as developers leverage best-available European technologies and adapt them to the unique conditions of the United States,” the report reads.
Read more on: Global Possibilities Org