• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
TechFuture of Work

This Is Where the First U.S. Offshore Wind Turbines Were Just Installed

By
Katie Fehrenbacher
Katie Fehrenbacher
Down Arrow Button Icon
By
Katie Fehrenbacher
Katie Fehrenbacher
Down Arrow Button Icon
August 8, 2016, 2:36 PM ET
Photo courtesy of Deepwater Wind
Add Fortune on Google for similar content.

The first wind turbines to be installed off the coasts of the United States were constructed over the past few days about three miles offshore of Block Island, Rhode Island.

While wind farms have been built all over the U.S. on land, the market for building wind farms in U.S. waters has stalled thanks to legal threats, lack of regulatory support, and push back from coastal property owners. At the same time, the “offshore wind” industry has boomed throughout Europe.

The construction milestone is an indicator that offshore wind is finally becoming a reality in the U.S. after many years of fits and starts, and could one day provide substantial amounts of clean energy to Americans.

Last Tuesday, clean energy developer Deepwater Wind began installing the first wind turbine on top of the towers at its Block Island Wind Farm. By Wednesday night, the company had put in the first turbine blade. By Thursday, the first wind turbine had been completed.

The first wind turbines of the Block Island Wind Farm, near Rhode Island.Photo courtesy of DeepWater Wind.
Photo courtesy of DeepWater Wind.

 

Construction on the wind farm, which is using gear from GE (GE) among others, started about a year ago. When completed later this year, the farm is supposed to provide about 30 megawatts of energy, a relatively small amount compared to what natural gas and coal plants, or even large-scale solar farms, can generate.

However, what the Block Island Wind Farm lacks in size, it makes up for in timing. Multiple offshore wind projects have been planned for the eastern seaboard for years, but many have stalled.

The poster child for the lagging offshore U.S. wind industry is Cape Wind, a once planned $2.6 billion project to install wind turbines across 24 square miles off the coast of Nantucket. After years of legal battles, including from residents that didn’t want their views spoiled by turbines, the companies that had committed to buy the energy from Cape Wind backed out.

For more on the economics of clean energy, watch:

The Block Island Wind Farm is the first of about a dozen planned offshore wind projects in U.S. waters and represents growing support for the clean energy option.

Last week, the Massachusetts legislature passed an energy bill that includes the largest state commitment to offshore wind in the U.S. to date. Under the law, which the state’s Governor still needs to sign, utilities would have to buy a combined 1.6 gigawatts of electricity from offshore wind farms in a little over a decade.

Massachusetts is home to waters that have some of the biggest potential for U.S. offshore wind. In addition to the Cape Wind project, DeepWater Wind and Danish energy company Dong Energy hold leases off the state’s coast.

Get Data Sheet, Fortune’s technology newsletter.

Dong Energy is the world’s largest offshore wind developer. The company, which is partly owned by the Danish government and Goldman Sachs, went public in June, largely based off of the success of the offshore wind industry in Europe.

In Europe, over 11 gigawatts of energy are being produced by offshore wind farms. There are 84 offshore wind farms either operating or under construction in the seas around 11 countries in the continent. Dong Energy plans to build the world’s largest offshore wind farm, called the Hornsea project, off the coast of Yorkshire in Northeast England.

Wind towers being shipped to be installed at the Block Island Wind Farm, off the coast of Rhode Island.
Photo courtesy of DeepWater Wind.

 

One of the reasons offshore wind hasn’t taken off in the U.S. is because the costs of building the first projects, and thus producing the first energy, have been high. The energy from the Block Island Wind Farm has an initial contract of 24.4 cents per kilowatt-hour, which is about 10 cents more than Rhode Island residents currently pay for their electricity, according to Scientific American.

However, prices for offshore wind in Europe have dropped significantly, and they can expect to do so in the U.S., too, as more projects come online. According to the International Renewable Energy Agency, offshore wind could cost on average 12 cents per kilowatt hour by 2025.

Dong Energy recently won a contract to produce offshore wind off the coast of the Netherlands for eight cents per kilowatt hour. At that price, the power is competitive with fossil fuel-based energy.

About the Author
By Katie Fehrenbacher
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Amazon Prime Day isn’t a midsummer shopping event anymore. Here’s what changed in 2026
RetailAmazon
Amazon Prime Day isn’t a midsummer shopping event anymore. Here’s what changed in 2026
By Vidhi Choudhary and Retail BrewJune 23, 2026
8 hours ago
The hidden cost of your AI rollout: burning out the high performers running it
Workplace Cultureburnout
The hidden cost of your AI rollout: burning out the high performers running it
By Mikaela Cohen and HR BrewJune 23, 2026
9 hours ago
Quantum computing stocks surge after Trump signed executive orders backing the sector
Investingquantum computing
Quantum computing stocks surge after Trump signed executive orders backing the sector
By Marco Quiroz-GutierrezJune 23, 2026
10 hours ago
Alan Greenspan testifying before the Senate Banking Committee.
BankingFederal Reserve
The man who invented the Fed’s magic trick just died. His successor is about to try it again
By Eva RoytburgJune 23, 2026
11 hours ago
Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersEye on AI
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
11 hours ago
college
SuccessEducation
47% of Harvard seniors admit to cheating — and the problem existed long before ChatGPT
By Austin Sarat and The ConversationJune 23, 2026
12 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
18 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
20 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
17 hours ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Current price of oil as of June 22, 2026
Personal Finance
Current price of oil as of June 22, 2026
By Joseph HostetlerJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.