Fri, Feb

Getting to ‘head-spinning’ low prices for U.S. offshore wind

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Projected additions to U.S. offshore wind capacity are expected to drive the emergence of the domestic support system the sector needs to drive prices closer to other generation options.

The newest numbers for U.S. offshore wind show an energy sector that is market-ready and likely on the verge of becoming a power system player.

Until now, the U.S. offshore wind industry has been slow to develop. There is only one operational project, with only 30 MW installed capacity and a power purchase agreement price of $0.244/kWh.

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