Government announces offshore wind energy funding

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U.S. Secretary of Energy Steven Chu announced Thursday the start of an ambitious initiative to capture the potential of wind energy off American coasts.

As part of a planned six-year, $180 million effort, an initial $20 million will be available this year as the first step in supporting as many as four offshore wind energy installations across the country.

“The new offshore wind energy initiative announced today will help to catalyze the development of offshore wind in America, supporting U.S. innovators as they seek to design and demonstrate next-generation wind energy technologies,” Chu said.

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