‘Lessons learned after black swan year’ for US offshore wind – Ørsted
‘Lessons learned after black swan year’ for US offshore wind - Ørsted | Windpower Monthly
‘Lessons learned after black swan year’ for US offshore wind – Ørsted
Danish developer Ørsted has changed the speed at which it develops US offshore wind projects, and is now taking more time to make a final investment decision (FID) to accommodate fluctuations better in the supply chain.
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.