U.S. Offshore Wind Companies Gain Critical Mass and Big Backers
- First wind farm in U.S. waters will be completed this year
- Competition may drive down high costs of building at sea
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After years of false starts, U.S. offshore wind has attracted some marquee names with deep pockets, creating a sense of optimism for the emerging industry.
“These are big, well-capitalized companies that are unlikely to fail,” Bryan Martin, a managing director at D.E. Shaw & Co., said during a presentation at the U.S. Offshore Wind Leadership Conference in Boston.