February 7, 2017

...AND CHEAPER...:

Offshore Wind Moves Into Energy's Mainstream (Stanley Reed, Feb. 7th, 2017, NY Times)

Off this venerable British port city, a Danish company, Dong Energy, is installing 32 turbines that stretch 600 feet high. Each turbine produces more power than that first facility.

It is precisely the size, both of the projects and the profits they can bring, that has grabbed the attention of financial institutions, money managers and private equity funds, like the investment bank Goldman Sachs, as well as wealthy individuals like the owner of the Danish toymaker Lego. As the technology has improved and demand for renewable energy has risen, costs have fallen.

And offshore wind, once a fringe investment, with limited scope and reliant on government subsidies, is moving into the mainstream. [...]

Turbines today are bigger, produce much more electricity and are deployed on much larger sites than in the past. The result is more clean power and extra revenue.

Posted by at February 7, 2017 9:02 AM

  

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