Tuesday, October 12, 2010

Offshore Wind Power: Cleaner, Cheaper, More Jobs Than Oil : Renewable Energy News

Offshore Wind Power: Cleaner, Cheaper, More Jobs Than Oil : Renewable Energy News

A recent report from the U.S has found that focusing investments in that country on offshore wind power would be cost effective, generate more jobs and be better for the environment and ocean than offshore oil and gas exploration and development.

The study from Oceana says offshore wind can generate nearly 30% more electricity than offshore oil and gas resources combined while costing around USD $36 billion less than offshore oil and gas production. Additionally, approximately three times as many jobs per dollar invested could be created than in fossil fuel production.

New Jersey, Virginia and South Carolina could supply 92%, 83% and 64% respectively of their current electricity generation requirements with offshore wind. In each state, wind energy could provide more power than the states currently get from fossil fuels.

On the Atlantic Coast alone, the United States could install at least 127 gigawatts of wind power, creating between 133,000 and 212,000 jobs annually - more than triple the jobs that new offshore oil and natural gas development is expected to create.

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