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An American Oil Hub Is Pivoting to Offshore Wind

Josh Saul of Bloomberg reports on the Gulf Coast’s renewable energy projects.

The C3 Take
  • The Gulf Coast is quickly becoming a hub for renewable and clean energy projects.
  • In a Louisiana shipyard more than 600 workers are building the Eco Edison which is the first U.S. vessel to service offshore wind farms.
  • In another shipyard in New Orleans, Shell has invested $10 million to develop “hurricane-proof” wind turbines.
  • Meanwhile Exxon is investing millions of dollars to create carbon capture hubs along the Gulf Coast in Texas.

“The number of active projects show that the Gulf’s offshore expertise, earned through decades of oil and gas operations, translates well to supporting wind farms currently under construction. Out of about 1,200 contracts signed by US companies for offshore needs like survey work, electric substations and cables, companies in the Gulf and the South have scored 23% of the total, according to a tally kept by the industry group Business Network for Offshore Wind.” 

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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