European interest is a good sign for U.S. offshore wind, exec says

12/5/2012 | Bloomberg

The interest shown by European companies such as Iberdrola, Electricite de France and Mainstream Renewable Power to participate in the first lease auction for U.S. offshore wind projects next year indicates a growing confidence in the emerging sector, said Peter Mandelstam, president of Arcadia Windpower. "The Europeans have been doing this since 1991. It's a badge of honor for the U.S. industry that the Europeans are here," he said.

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