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7 Transmission Projects That Could Unlock a Renewable Energy Bounty - Governors Wind Energy Coalition
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CIP raises €7bn for global renewable energy infrastructure fund
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And this list will undoubtedly grow in the coming weeks and months as more companies seek to get an early foot in the door of what is expected to be an enormous and potentially lucrative new sector. Let s not forget that despite the massive potential for green hydrogen to decarbonise transport, heating and heavy industry, this is still a nascent sector the largest electrolyser currently in operation is only 20MW.
The thinking behind leaping from megawatt-scale to gigawatt-scale is that the future demand for green H
2 will be gigantic, and that costs can be quickly driven down through economies of scale, with a view to making renewable hydrogen cheaper than highly polluting grey (produced from unabated natural gas or coal) by 2030.
April 12, 2021
The Biden administration has already made a big bet on offshore wind, elevating the technology among the suite of options that deserve strategic attention. This support recognizes its potential to lower greenhouse gas emissions, create good jobs, and drive investment in associated infrastructure, especially along the Eastern seaboard of the United States. Such a correction was long overdue: at year-end 2020, the United States accounted for just 0.1 percent of the world’s installed capacity for offshore wind (versus 17 percent for onshore wind). For years, projects had languished in a regulatory process that was too slow, leaving the United States far behind China and several European countries. This may finally be changing.
A Favorable Fetch for US Offshore Wind
Maritime Activity Reports, Inc.
© Fokke / Adobe Stock
Offshore wind caught a favorable gust with the 2020 election of Joe Biden, and the following breeze from the early 2021 reconfiguration of the U.S. Senate toward Democrats. Though widely touted as a growth engine for maritime businesses (as well as shoreside trades), the latter years of the Trump administration seemed to see delay after delay.
The class society DNV has been involved in offshore wind since its outset in the early 1990s, and now has 2,000 energy experts working in its efforts supporting this power source. Its business development manager, Nick Prokopuk, described the North American situation as being one of “revolution, not evolution” in a presentation at the recent Greek/Norwegian Chambers of Commerce virtual Shipping Conference, saying that “the growth forecast is exponential.” He explained that the coming decade will give rise to a huge demand for vessel constr
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