Time to Profit from This Fast-Growing Power Source

Worldwide growth in the offshore wind industry has been astonishing. The National Renewable Energy Laboratory estimates that the 11.8 gigawatts of offshore wind power the world is expected to have by the end of 2015 will grow to more than 47 gigawatts by 2020. But so far the global boom in offshore wind power has bypassed the United States. But the truth is that the U.S. has an incredible 4.223 terawatts of offshore wind power potential, including 50 gigawatts from Lake Erie itself. That's four times as much power-generation capacity as the U.S. currently has installed. Yet only one commercial-scale offshore wind project has so far been successful enough to begin construction. But now things are starting to look up for offshore wind in the United States... Tags: offshore wind power , power , power source , profit , time to profit , Wind Power To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Time to Profit from This Fast-Growing Power Source appeared first on Money Morning - We Make Investing Profitable .
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