Although we are located in the States, we assist companies world-wide with marine cable hardware, deployment, and management. Therefore, we’ve had a front row seat watching Europe position itself as a leader and pioneer in addressing climate change, creating jobs in the offshore wind sector, and reducing fossil fuel imports.
And while offshore wind is years behind onshore wind, the industry is displaying one of the fastest growth rates in the industry. The pace of growth, however, needs to be matched by an equal pace in reducing costs. Success will depend not only on how much it can reduce costs, but also how fast it can reduce costs.
As the U.S. starts installing the foundations for their first offshore wind farm, they will have these same issues to contend with as well as the struggling opposition found along our coast.
Read more about offshore wind here.
Read more about North America’s first offshore wind farm:
Rhode Island’s Deepwater Wind will start installing the foundations for North America’s first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but that is still struggling with opposition in the United States.
There’s no shortage of bad news these days, but looking at the trends in renewable energy, there’s plenty of hope. Last year, the world broke a record for new wind installations, installing nearly three wind turbines each hour. At that rate the need for proven subsea equipment will certainly increase as well. At PMI, we are focused on this market, the trends that will lead the energy revolution and helping these customers realize a significant return on investment.
Wind energy is surging back to stronger levels of investment is just one of the trends. Read about all them here.
