Floating offshore wind begins to commercialize in Europe

Sarina Soor
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“Two European projects aiming to advance floating offshore wind technologies marked milestones this month. In the first, a consortium working to commercialize floating offshore wind farms received a significant boost from a European Union innovation fund. Separately, the Norwegian government is set to unveil two new sites for floating offshore wind plants later this year,…

First large US offshore wind project sets record-low price starting at $74 per MWh

Sarina Soor
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“The state expects electricity customers will see $1.4 billion in direct and indirect benefits over the term of the contract. The Vineyard Wind Project includes a $15 million initiative to accelerate the U.S. offshore wind market, comprising a $10 million offshore wind industry accelerator fund, $2 million for workforce development and $3 million for innovations…
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