Offshore wind industry prepares to ride economic high tide

The U.S. offshore wind energy pipeline is predicted to exceed 25,000 megawatts (MW) by 2030. But, with only two commercial offshore wind plants currently operating in the United States, developers need accurate modeling to evaluate prospective new projects, weigh realistic costs against financial returns, anticipate the impact of technological and process innovations, and quantify risk factors. While technological advancements and improved supply chain efficiencies are helping reduce wind energy costs and generate more energy, offshore wind installations must meet development and operational cost targets to be competitive in the broader energy market.

from Energy & Green Tech News - Energy Sciences News, Green Tech, Energy, Energy Science https://ift.tt/3qiG8JX

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