An offshore wind farm off the coast of the Netherlands. Image courtesy of Nuon @ flickr

As of June 2012, the world boasted 4,619 megawatts of installed offshore wind energy capacity, while the United States had none. President Obama and other national leaders like Susan Collins want to change that statistic. The public also increasingly supports clean renewable energy in the wake of frequent severe weather events like Hurricane Sandy caused by climate change.

The biggest barrier to developing offshore wind energy has been criticism of its cost compared to other forms of energy. But offshore wind technology is in its infancy; it must be tested and supported much like subsidies were provided for the testing and development of oil and gas exploration. A recent study by the Brattle Group contained two findings that I found interesting.

- First, the study estimates the total investment needed to develop a U.S. offshore wind industry and how that investment would affect the price of electricity. The study showed that offshore wind could cost less to develop than subsidies paid for coal, oil and gas over the last 50 years.

- Second, the study estimates that offshore wind would result in an average monthly-rate increase for American consumers ranging from 0.2 percent to 1.7 percent.

Considering the huge amount being added to our tax bills to finance natural disaster relief from increased hurricanes, tornadoes and other weather events caused by global warming, this modest increase in electric rates to switch to cleaner power is a no brainer.

Here in New England, we have several potential opportunities for offshore wind: Cape Wind in Massachusetts, DeepWater Wind projects in Rhode Island, and the Hywind Maine pilot project in Maine.

What do you think? Would you pay a little more for electricity tax to reduce our dependence on fuels that add to global warming?

Image courtesy of Statoil.

This January, my colleague Sean Mahoney and I met with representatives of Statoil – one of the largest oil and gas companies in the world – to discuss the company’s plan to develop a floating wind turbine project, known as Hywind, off the Maine Coast. Statoil was also considering a location off the coast of Scotland. Recently, the company decided to move ahead with the initial stages of evaluating the potential for the project in the Gulf of Maine. Specifically, Statoil will evaluate the economic and environmental feasibility of a4 turbine array roughly 12 nautical miles from Boothbay in 460 to 520 feet of water.

As an initial step forward on Hywind, Statoil will hold a series of public open houses regarding the project later this month.  (For a calendar of these meetings, click here.) The company told CLF it intends to determine whether the Hywind Maine project is feasible by year end 2012, make a final investment decision in 2014, and potentially be installing the floating turbines in 2016.

The schedule of Statoil’s public introductory meetings is:

June 25, 2012:
Boothbay – Boothbay Firehouse (4 – 7pm)
911 Wiscasset Road, Boothbay, Maine

June 26, 2012:
Rockland – Rockland Public Library (5:30-8pm)
80 Union Street, Rockland, Maine

June 27, 2012:
Portland – Gulf of Maine Research Institute (4 – 7pm)
350 Commercial Street, Portland, Maine 

All sessions will be in Open House format so individuals can speak to Statoil team members.

For more information, please contact:

Ivy Frignoca, CLF Maine
Sean Mahoney, VP & Director CLF ME