European Oil Majors Seek To Harness U.S. Offshore Wind

European Oil Majors Seek To Harness U.S. Offshore Wind

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

Leave a Reply

Your email address will not be published.