As part of President Barack Obama's approach to developing every domestic energy resource, Energy Secretary Steven Chu announced the start of an initiative to capture the potential of wind energy off American coasts.
As part of a planned six-year, $180 million initiative, an initial $20 million will be available this year as the first step in supporting up to four innovative offshore wind energy installations across the U.S.
These offshore wind projects will accelerate the deployment of breakthrough wind power technologies that will help diversify the nation's energy portfolio, promote economic development and launch a new industry here in America.
