- Published: 02 October 2014 02 October 2014
Big potential for US offshore industry and China back on track
The AWEA Offshore WINDPOWER 2014 Conference & Exhibition, which will run from 7 till 8 October in Atlantic City, New Jersey, is the largest offshore wind energy event in North America. Although no offshore wind farm has yet been installed in the USA, the future for the offshore industry looks promising. The US Energy Department has recently announced a new report, Offshore Wind Market and Economic Analysis, showing steady progress for the US offshore wind energy industry over the past year. The report highlights 14 projects in advanced stages of development, together representing nearly 4,900MW of potential offshore wind energy capacity for the USA. The report also finds that globally, developers continue to build offshore wind projects further from shore in increasingly deeper waters, while increased turbine sizes and hub heights enable higher efficiency and output from turbines. Worldwide, the average capital cost for offshore wind projects completed in 2013 fell 3.7% per kilowatt-hour from 2012, with an additional decrease expected in 2014. Total project installation costs have fallen 6% since 2011.