Europe Pledges to Quintuple Their Offshore Wind Power Generators by the year 2030

The new arrangement will add an additional 60 gigawatts of power and dramatically reduce expenses for any future projects.

A few decades from now, most of our energy will likely come from the sea. At least, from the wind above the sea. One of the fastest growing and most efficient energy markets is offshore wind, and today’s announcement by three European countries and 25 private companies could cement that lead for decades.

Offshore wind is still controversial in the United States (though its finally being accepted in some areas), but many European countries are aggressively pursuing the tech. Offshore wind makes sense in many ways: it’s easier and cheaper to install turbines offshore than on mountains, it costs less than most other forms of energy, and it doesn’t use up valuable real estate.

Europe has already installed 13 gigawatts of offshore wind power, and a new agreement between Germany, Denmark, and Belgium could see a five-fold increase in that number over the next decade, up to 60 gigawatts.

This agreement also includes 25 European companies, such as Dong Energy and Siemens Gamesa, two companies that have been heavily involved in the construction of offshore turbines.

This announcement comes on the heels of a plan to construct 7,000 offshore wind turbines in the North Sea by 2050, and an upcoming offshore project off the coast of Long Island in New York starting in 2019.

These ambitious offshore wind projects will do more than just provide power to homes. They would lower the costs of offshore turbines and make it easier for more countries to build them. Existing European projects have lowered costs by almost 50 percent in the last two years, and costs are expected to be competitive with fossil fuel generators by 2030.

Chances are, this is only the first of many large offshore wind projects over the next few years. By 2030 or 2050, most of the power to our homes will likely come from large turbines built off the coasts.

Source: Reuters

Henry Sapiecha

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