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Technology Stocks : American Superconductor (AMSC)

AMSC 38.87

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Nov 7 9:30 AM EST

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From: David C. Burns	10/9/2010 10:24:41 AM
	1 Recommendation of 973

A new U.S. government study on the potential of offshore windpower has been published. The National Renewable Energy Laboratory estimates the total U.S. "gross wind resource" at "at more than 4,000 GW, or roughly four times the generating capacity currently carried on the U.S. electric grid." This estimate assumes that one 5-MW wind turbine could be placed on every square kilometer of water with an annual average wind speed above 7.0 meters per second (m/s)... [and] this wind mapping effort does not currently account for a range of siting restrictions and public concerns. These gross resource values will likely shrink by 60 percent or more after all environmental and socioeconomic constraints have been taken into account. So maybe only about 1600 GW, provided all the permits and technical details can be worked out. But that's still a lot of gigawatts. The report also concludes that "extrapolating from European studies, NREL estimates that offshore wind will create more than 20 direct jobs for every megawatt produced in the United States." nrel.gov

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