Why Tesla Is Interested In Offshore Wind

21 Aug 2017   Wind

Platt’s recently reported that global offshore wind capacity could double to 34 GWs by 2020, growing at a compound rate of 19 percent per year. The rapid expansion would be driven chiefly by new capacity in the North Sea and China. In fact, offshore capacity in East Asia will outstrip that of Europe by 2022. But what about the U.S.? Rapidly declining costs, improving reliability and the success of the first offshore installation in Rhode Island are encouraging companies to take further chances on offshore wind. New offshore projects are attracting the interest and attention of major energy companies, as wind power continues to increase its share of the total U.S. energy market. Leases for offshore wind development are being snapped up by European energy companies, which have decades of experience installing offshore wind farms. Royal Dutch/Shell has been investing in electricity start-ups and other ventures to improve its […]

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