2017-02-07. Offshore Wind Moves Into Energy’s Mainstream.

posted Feb 7, 2017, 4:28 PM by Alan Gould

By Stanley Reed, The New York Times. For GSS Energy Use chapter 4. Excerpt: LIVERPOOL, England ...Off this venerable British port city, a Danish company, Dong Energy, is installing 32 turbines that stretch 600 feet high. ...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, .... As the technology has improved and demand for renewable energy has risen, costs have fallen. ...Offshore wind has several advantages over land-based renewable energy, whether wind or solar. Turbines can be deployed at sea with fewer complaints than on land, where they are often condemned as eyesores. But the technology had been expensive and heavily dependent on government subsidies, leaving investors wary. That is now changing. 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. The number of major players has also expanded, creating more competition. A joint venture of Vestas, the Danish turbine maker, and Mitsubishi Heavy Industries of Japan, is now competing with Siemens, which had long dominated the market for building offshore turbines. Others, like the American giant General Electric and Chinese manufacturers, are also jumping into the game....  https://www.nytimes.com/2017/02/07/business/energy-environment/renewables-offshore-wind-green-power-dong.html