Oil & Gas Journal - Study predicts spending surge for offshore wind energy:
By OGJ editors -- July 20, 2005
HOUSTON -- Offshore wind energy installations, mainly off Europe, will attract $13.6 billion in investment during the next 5 years, predicted analysts Douglas-Westwood Ltd. in a market study published in mid-July.
The report says the offshore wind energy industry is set for strong, government-backed growth. It forecasts installations totaling 7,700 Mw -- about the energy equivalent of 7 nuclear power stations.
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