Kristin Majcher reports that the recent setback for a massive wind farm proposed off the coast of Massachusetts highlights how the technology has expanded very slowly outside of Europe. Offshore wind farms are a particularly attractive way to generate renewable energy. Out of the way of densely populated areas, wind turbines on the ocean can be bigger than ones on land. And the wind blows harder and more predictably over the water. Europe has been using the technology for years, but it has been harder to replicate elsewhere, especially in the U.S.
Last December, prospects dimmed for the 2.5 billion dollar Cape Wind farm proposed off the Massachusetts coast. Two power companies canceled their contracts to buy power from the farm after the project, long delayed by legal challenges from opponents, failed to meet a key financing deadline.
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