Mar 2010 , Vol. VI, No.1

Offshore Windfall: What Approval Of The United States’ First Offshore Wind Project Means for the Offshore Wind Energy Industry

Offshore Windfall: What Approval Of The United States’ First Offshore Wind Project Means for the Offshore Wind Energy Industry

Environmental concerns, supply uncertainties, and energy prices are driving the United States to rethink its energy policy, and in turn, to work toward the development of cleaner, renewable energy sources. As evidence of this policy change, the Energy Information Administration reported that use of renewable energy in the United States grew 3.3% over the last year, much faster than the 0.5% growth in total energy use.(1) Wind power is among the many types of energy that the federal government considers a renewable energy source.(2) “Wind energy has been the world’s fastest growing energy source on a percentage basis for more than a decade,” and wind energy capacity is expected to double approximately every three to four years.(3)

Download a PDF of this publication