The clean energy sector is entering a phase of dramatic change in which business models are being transformed against a backdrop of regulatory uncertainty, as the industry emerges from a challenging period caused by the global economic downtown. Technologies and business structures that were once abandoned, are now being revived in several key sectors.
WIND ENERGY UPDATE: Offshore Wind Gets Major Boost, American Wind Energy Association Annual Wind Industry Report, Construction Begins on New South Texas Wind Farm, Seattle Company Proposes Floating Wind Farms
Offshore Wind Gets Major Boost with announcement by President Obama that the Department of the Interior has finalized a long-awaited framework for renewable energy production on the U.S. Outer Continental Shelf (OCS). Wind energy continues rapid growth according to new report from the American Wind Energy Association. The US has surpassed 25 gigawatts (GW) of installed wind energy capacity in 2008. Construction of a new wind farm has begun in Texas. Seatle firm proposes floating offshore wind farms.