The money will go toward developing offshore wind technology and removing market barrier to building coastal wind farms. (grist.org)
Large - scale offshore deployment may still be years away, but the DOI auction will surely accelerate the development of cheap, reliable offshore wind technologies. (energytrendsinsider.com)
Overtime, DOI's leases will provide a commercially active platform for companies to test and install different offshore wind designs, especially as next - generation offshore wind technologies advance beyond the prototype and demonstration phase. (energytrendsinsider.com)