While there are nearly four gigawatts of installed offshore wind capacity in Europe and China, the U.S. has no operational projects in the water, and its nine advanced-stage plans, representing 3,380 megawatts of potential capacity, face challenges, according to a new study on the industry by Navigant Consulting that was conducted for the U.S. Department of Energy (DOE).
To further drive U.S. offshore wind past those challenges and into commercial operation by 2017, the DOE awarded $28 million per year in Advanced Technology Demonstration funding for the next six years to seven projects that proved themselves with backing from DOE in 2011. Keep reading →
What Should the US Energy Industry Expect Under a Second Obama Administration?
By Jared AndersonNow that the votes are in and media attention has shifted from a contentious US presidential election to the looming fiscal cliff, energy companies in the oil and gas space as well as wind, solar and other sectors are keeping a sharp eye on what the next four years of energy policy might look like.
The regulatory requirements associated with developing oil and gas on federal lands became a polarizing issue during the election, with republicans claiming the process is too strict, overly burdensome and impedes companies from producing resources vital to the US economy. Keep reading →