Offshore wind farms are becoming increasingly important around the world. Europe has thousands of wind turbines off its coasts generating more and more of its power. The first offshore wind farm in the U.S. opened for business last year and more are on the way.
There is a tendency to think of the changes in the energy industry as a pitched battle between fossil fuel companies and renewable energy. There is some truth to this, but only to a certain extent. The multi-trillion-dollar fossil fuel industry is made up of businesses dedicated to growth and increased profits. And like businesses in other industries when major changes occur, fossil fuel companies may read the tea leaves and change with the times.
The world’s first floating wind farm is being built 15 miles off the northeast coast of Scotland. The Hywind pilot park, expected to come online late next year, will generate enough power for 20,000 homes. The location will take advantage of average local North Sea wind speeds in excess of 20 miles per hour.