Along the US east coast, offshore wind power would have the greatest market value off New York, Connecticut, Rhode Island and Massachusetts. That’s according to US researchers who developed a method to assess the economic value of potential offshore wind sites.
The technique shows that the market value of offshore wind could vary from $40 to more than $110 per megawatt-hour. It included the influence of factors such as renewable energy credits
“What we are trying to provide is relevant information to policy makers and to the public and to developers,” says Dev Millstein of Lawrence Berkeley National Laboratory. “The idea is that this information will help each region make informed decisions about policies related to offshore wind development.” […]
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