It’s been 15 years since Cape Wind -- the project meant to be America’s first offshore wind farm -- was first proposed. For years, the 130-turbine, 450-megawatt project was held up as the start of an entirely new industry in the U.S. But fierce legal opposition and project financing problems eventually brought the project down.
The offshore wind industry is now virtually all in Europe. In 2001, Europe had a few hundred megawatts of offshore wind projects. Today, it has nearly 13,000 megawatts of capacity -- and developers are on track to make offshore wind the cheapest form of new electricity. In fact, new projects are now beating 2020 price estimates.
When will America finally capture a piece of this budding industry?
This week's guest is well equipped to answer that question. Alicia Barton is the former director of the Massachusetts Clean Energy Center, the former Chief of Operations at SunEdison’s global utility group, and is now the co-chair of the cleantech practice at the global law firm Foley Hoag. She joins us to talk about the regulatory and business activity underway on America's East Coast.