The National Renewable Energy Laboratory (NREL) in Golden, Colorado, has signed a $27 million contract with General Electric to develop a new offshore wind power system over the next several years. Approximately $8 million of the offshore wind project will be cost-shared by DOE.
The goal is to design and produce a multi-megawatt scale wind turbine which could produce electricity at a much-reduced cost. The wind turbine will be located offshore and is expected to produce electricity at five cents per kilowatt-hour.
There aren't any offshore wind farms in the United States, several projects are in the permitting process.
For more information visit: http://www.eere.energy.gov/windandhydro/