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Business plan for wind farms

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Two giant oil companies won the largest share of options to build new offshore wind farms awarded by Britain on Monday, investments that are expected to eventually total in the tens of billions of dollars. The options were a big move by major petroleum producers into an industry that has for years been dominated by smaller, specialized companies. The announcement was made by the Crown Estate, the organization that manages the properties on behalf of the queen and the British government. The undersea tracts are part of a large portfolio of properties owned by the British monarchy. The high amounts paid for options to build on six offshore plots surprised observers. It appeared to be a sign of both the strength of the British wind market and the eagerness of oil companies to get into the business, said Soeren Lassen, head of offshore wind research at Wood Mackenzie, an energy research firm.

How to Invest in Wind Energy

Business plan for wind farms
Business plan for wind farms
Business plan for wind farms - Free Wind Farm Business Plan

The wind is one of the Earth's most sustainable natural resources when it comes to generating electrical power. To harness it, all you need to do is construct a wind power turbine that converts the movement of the air into kinetic energy. To do that on a large scale, however, you'll need a wind farm—a collection of specially designed wind turbines positioned across the landscape or ocean, where the winds are steady and strong. Wind turbines have multiple blades, which are set high on towers, that spin in the breeze and harvest power. Industry experts say the United States has enough wind resources to effectively double its current wind generation capacity, and that doing so comes with a slew of environmental benefits. In America alone, wind power prevents the release of about 62 million tons of greenhouse gases, and it conserves 20 billion gallons of water annually.

Starting a Wind Farm Business

We use cookies to improve our service for you. You can find more information in our data protection declaration. The German Economy Ministry has held a summit to discuss a dramatic slowdown in the wind energy sector that's threatening agreed climate goals.
The projects could ultimately generate enough electricity to power about 1. One of the project sites would be off the central coast of California while the other would be off Northern California, near the Oregon border. Gavin Newsom said in a statement. The announcement came just weeks after the White House approved the first commercial-scale offshore wind project in US waters off the coast of Massachusetts. The US has lagged Europe in development of offshore wind energy, and the projects that do exist have concentrated along the Atlantic Coast.
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