Analysis of the Offshore Wind Energy Industry

Offshore wind power offers an inexhaustible energy source and, in the U.S., is located close to major population centers where demand for energy is highest. To date, this market has been insufficiently tapped. The U.S. has yet to produce a single megawatt (MW) of energy from an offshore wind source. The success of the domestic onshore wind industry foreshadows some of the potential of offshore wind.