US to Fund New Technologies for Off-Shore Wind Energy

US Energy Secretary Steven Chu has announced a six-year, US$180 million initiative to capture wind energy off American coasts, with an initial US$20 million available this year to start up to four offshore wind energy installations.

In choosing projects for this new funding, the Energy Department will be looking for “highly innovative technologies that will achieve large cost reductions over existing offshore wind technologies”. They expect these wind projects to accelerate the deployment of breakthrough wind power technologies.

The actual availability of $180 million will be subject to congressional approval over the next six years.

For more information see the departmental media release.

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