Oil Giants See a Future in Offshore Wind Power. Their Suppliers Are Investing, Too.
Here's an interesting post about investment by oil majors into offshore wind farms. Shell and Statoil are among prominent investors in the technology. Bloomberg New Energy Finance (BNEF) estimates that the market for offshore wind farms will reach 115 gigawatts by the end of 2030. Not surprisingly, the U.S. lags Europe in adopting the technology. The wind farm off the coast of Rhode Island is, of course, the most prominent example of offshore wind farm in the country. But others, including suppliers to the oil and gas industry, are getting into the act as well. The post gives the example of Gulf Island Fabrication, which is based in Southern Louisiana, a company that supplies rigs and which has recently begun manufacturing offshore wind turbines as well.