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Value Of Atlantic Offshore #wind

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In its new study, titled
. . . “Estimating the Value of Offshore Wind Along the United States’ Eastern Coast,”
. . . Berkeley Lab makes the case for offshore wind based on,
. . . Value, NOT Cost!

The study finds,
. . . that the historical ‘market value’ of offshore wind,
. . . (considering energy, capacity, and REC value)
. . . is highest for sites off of:
. . . . . . New York,
. . . . . . Connecticut,
. . . . . . Rhode Island, and
. . . . . . Massachusetts.
—i.e., all areas where offshore wind is being actively pursued, and
. . . lowest for sites along the southeastern coast

The ‘market value’ of offshore wind,
. . . is found to have exceeded that of land-based wind,
. . . due to offshore wind sites being located closer to major population centers, and
. . . also having a time-varying profile of electricity production,
. . . that is more-correlated with that of electricity demand.

The study also mentions, that the
. . . cost of wind power has dropped significantly in Europe.
In other words,
. . . if we do what they’re doing,
. . . cost will be even less of an issue.

4-19-2018 Source:  Value of Atlantic offshore #Wind


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