Huge Economic Benefits From Ocean Wind

Offshore Wind: Generating Economic Benefits On The East Coast; Harnessing offshore wind energy could triple the amount of wind energy jobs in five Atlantic coast states and add $3.6 billion to the economy according to a new economic analysis from E2

August 30, 2018 (Environmental Entrepreneurs)

“…[If South and North Carolina, Virginia, New Jersey, and New York each] added an average-sized offshore wind energy farm (352 MW) nearly 25,000 construction and operational jobs would be created up and down the eastern seaboard [and $3.6 billion would be added to the states’ economies, according to a new report]. The Department of Interior is developing lease sales for a strong pipeline of projects in this region—28 in total—which could equal 23,735 MW of new generating capacity, which if all developed would result in tens of thousands of more jobs…[The report also found a] one-month beach and fishing closure due to an oil spill off the coasts of New York, New Jersey, Virginia, North Carolina, and South Carolina would cost over $2.7 billion in GDP and $1.3 billion in lost wages…” click here for more

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