By Karolin Schaps and Susanna Twidale
LONDON – Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home.
Late entrants to the offshore wind game in Europe, which began with a project off Denmark 25 years ago and is now approaching maturity, they are looking across the Atlantic at what they view as a huge and potentially lucrative new market.
Norway’s Statoil has won a licence to develop a wind farm of the New York coast, is marketing its new floating turbine to California and Hawaii and is retraining some oil and gas staff to work in its wind division.
Credit By: ET Energy World
Latest posts by ET Energy World (see all)
- Power Tariff In Punjab To Be Highest Among Northern States On Coal Cost - July 23, 2018
- Centre Clears LNGTerminal, Hazardous Waste Treatment Plant For TN - July 23, 2018
- In pre-poll sop, government slashes GST on 100 mass-use items - July 22, 2018