Offshore Wind Power Can Save US Billions On Electricity, Recent DOE Study Finds

Offshore wind power isn’t usually associated with lower-cost energy, at least not in the public imagination. But it turns out that installing 54 gigawatts of offshore wind power off America’s coasts can cut the cost of electricity in the U.S. by an astounding $7.68 billion a year. That’s right: $7.68 billion annually. (If utilities and grid operators pass those savings onto consumers, that’s …