More than ten offshore wind farms are currently proposed for Australia. If built, their combined capacity would be greater than all coal-fired power plants in the nation.
The Biden administration has a goal of getting from today’s 42 megawatts of offshore wind power to nearly 30,000 by the end of the decade, but there are still obstacles ahead.
To increase renewable energy use, the Biden administration wants the US to go from seven offshore wind turbines today to enough to power 10 million homes within a decade.
Newfoundland and Labrador’s offshore oil and gas industry is the province’s largest contributor to the economy and will be critically important to its future.
Several states, including Massachusetts and Rhode Island, have developed ambitious renewable energy targets that hinge in large part on getting their power from turbines stationed in the water.
By 2030, the Blue Economy will be worth $3 trillion. And the UK is well placed to capture a slice of this lucrative market, if it meets the challenges involved with innovation and ambition.