S&P: Offshore wind not competitive in the US

Lower capacity factors, network reinforcements and logistical barriers make US offshore far more costly than both European offshore wind and rivaling energy technologies such as gas-fired turbines and, particularly, onshore wind, the rating bureau assesses.

Photo: Reuben Wu / GE

99 problems but the price ain't one.

That could easily be the chorus refrain of an ode to the US' budding offshore wind industry, currently struggling with delayed environmental permits but also with, among other issues, exposed power cables at the country's sole existing offshore wind farm, Block Island, not to mention mounting opposition to seaside views specked with wind turbines.

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