Emerging floating offshore wind technologies could save California electricity customers billions in the next two decades and play a key role in achieving the state’s ambitious climate and renewable energy goals, a new report concludes.
But the mechanics of floating wind remain unproven at scale and developers face multiple permitting and financing hurdles. Nevertheless, California could be where floating offshore wind (OSW) finally breaks into the U.S. market, developers and offshore wind researchers told Utility Dive.
An August study by Energy + Environment Economics (E3) found California ratepayer savings could reach $2 billion due to OSW’s “proximity to in-state electricity demand” and could produce up to 9 GW of emissions-free energy by 2040 at substantial customer savings.
California wants a carbon-free economy by 2045: Can floating offshore wind help it get there?, by Herman K. Trabish, Utility Dive, September 25, 2019.