Based on a combination of assessments of ongoing and planned projects and international interest in those projects, EER predicts that the $10-billion offshore wind energy market will become a $30-billion market during the next 10 years.

So far, Great Britain and Denmark have been the leaders in offshore wind projects, but now the rest of Europe is starting to catch up; the report predicts that in the next five years, Sweden, Germany, the Netherlands and Belgium will see serious development. Then the United States and Asia (particularly China and Korea) will follow suit.

- Suzanne Bopp

Related posts:

1. First U.S. Offshore Wind Farm May Be in Rhode Island
2. Offshore Wind
3. Cape Cod Wind Project Gets One Step Closer

Deepwater Wind, a privately held company, forged a 20-year power purchase agreement, to sell electricity from up to 8 turbines to National Grid.

The Block Island Wind Farm will be the first phase of the project, three miles off the coast of Block Island, in water that Rhode Island owns. That phase is expected to be operational in 2013. After powering Block Island, electricity produced there will go into the state’s main grid.

The Rhode Island Public Utilities Commission still has to approve the deal.

The company also plans to build a larger offshore wind farm of about 100 turbines in federal waters, which will require a separate purchase agreement for its electricity. Together the projects would generate enough electricity to meet 15 percent of the state’s energy needs, at a price of $1.5 billion. Earlier this year Rhode Island set a target to obtain 20 percent of its electricity from renewable sources by 2015, and offshore wind is expected to create most of that, since the small state has few areas suitable for land-based wind farms.

- Suzanne Bopp

Related posts:

1. Micro-Wind Farm Goes up at Quinnipiac
2. Wind to Power Ames and Iowa State University
3. Cape Cod Wind Project Gets One Step Closer