$4 Million Opportunity to Advance Floating Offshore Wind

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Denmark and the US are teaming up to try to cut the cost of offshore wind energy by 70% by 2035, the Washington Post reports.

According to CleanTechnica, the Department of Energy is giving Denmark $2 million to fund research on "mooring technologies," which "means any equipment to permanently secure a floating full-scale offshore wind turbine structure in position within a deep water offshore wind energy array."

Currently, the cost of installing and maintaining a floating offshore wind turbine is more than double what it would be if the turbines were installed on land.

The Post reports the project could cut that cost in half.

Denmark is one of the world's leaders in the development of floating offshore wind energy systems, according to the Wall Street Journal.

The country's first floating offshore wind energy system, called the Offshore Wind Shot, is expected to be up and running in 2024.

The Post reports the offshore wind energy system could provide power to more than half of Denmark's population.

The project is expected to create thousands of jobs. Read the Entire Article

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