• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Stock Trend Alerts

Essential Market Ideas and Investing Strategies

  • Financial Newsletter Reviews
  • Hot Stocks
  • Technology
  • Financial News
  • Secrets of the Pros
  • Analysis
Home » Latest Offshore Wind Farms Present a Big Opportunity for Energy Investors

Latest Offshore Wind Farms Present a Big Opportunity for Energy Investors

A 2,000-acre abandoned steel plant in Sparrows Point, Maryland, will become the first wind turbine manufacturing plant in the state.

The new owner, US Wind, is investing more than $150 million into the global logistics center.

But revitalizing the plant is just one part of Maryland’s new wind power initiative.

The job that instigated the redevelopment is called the MarWin project. And it will be Maryland’s first offshore wind farm.

Developed by US Wind, MarWin is located about 17 miles from the shore of Ocean City, Maryland.

It will cost around $75 million to build. And it will consist of 22 turbines (built at Tradepoint Atlantic, of course) that will provide 270 megawatts (MW) of power.

That’s enough to light up and run 80,000 homes. And because wind power does not emit harmful greenhouse gases, the amount of carbon dioxide not produced as a result will be the equivalent of taking 140,000 cars off the road.

The wind farm is expected to begin producing power in 2024.

But Maryland has even bigger plans ahead.

Next to MarWin is another offshore wind farm in the planning stages called Momentum Wind. It will be an installation of 1,200 MW, also produced by US Wind.

[Wall Street Insider: Why Dec. 31 Announcement is Big News for American Investors]

Bigger Is Better

The location of the new Tradepoint Atlantic production site is perfect. It has 4 miles of waterfront on the Chesapeake Bay.

That’s important because everything about offshore wind turbines is big. Really big.

Compared with land-based turbines, offshore wind turbines are colossal.

For example, in 2019, General Electric (NYSE: GE) announced its Haliade-X. That’s a 14-MW offshore turbine.

And this past February, Vestas Wind Systems (OTC: VWDRY) announced its V236 offshore turbine. It’s a 15-MW monster.

Its rotor’s diameter is 774 feet. One sweep of its three, 379-foot blades covers an area of nearly 11 acres.

Needless to say, transporting these giant components over roads is a nonstarter.

They have to be made next to port facilities. There, they can be loaded and secured to special ships designed to carry them.

Luckily, US Wind was prepared for this. Of the $150 million it is investing in Tradepoint Atlantic, $75 million will build a 90-acre deployment port.

[Trend Alert: Three of the World’s Richest Billionaires Are Quietly Piling Into THIS]

It’s great to see an old steel plant being reborn as an offshore wind logistics depot. And it will bring thousands of jobs to the Baltimore area.

Investors who want to include offshore wind in their renewable energy portfolios may want to consider shares of one of the big turbine manufacturers mentioned above.

It’s BIG business (pun intended). And it’s just getting started here in the U.S.

Good investing,

Dave

[Exclusive: “Amazon of Energy” – America’s #1 Energy Investor Nick Hodge Issues Biggest Buy Alert of the Year]

Read more from David Fessler at ProfitTrends.com

You Might Also Like...

  • Semiconductor Stock Headed for Major Milestone as Global Demand Intensifies...
  • Tesla Reveals Plans for Humanoid Robot and Supercomputer Chip at AI Day
  • The Next Great Opportunity for Energy Investors?
  • Biotech Sector Poised for Major Upswing?

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Subscribe to Stock Trend Alerts

By submitting your email address, you give Stock Trend Alerts permission to deliver investment research to your email inbox. Privacy Policy | How It Works

Popular Posts

  • Elon Musk’s “Project Omega” and Top 3 Stocks for the AI Revolution
  • “Imperium” The Next Intel: The Microchip Company Powering the 199,000% DNA Mega Trend
  • Marc Chaikin’s AI Power Picks: #1 Free AI Stock Recommendation Revealed
  • Marc Chaikin Reveals Biggest Stock Prediction of his 50-year Career on Wall Street
  • Louis Navellier Growth Investor: The Kings of Scalability – 3 Stocks to BUY Now
  • Full Review: Elon Musk’s “Project Omega”
  • Infinite Energy Stock: The Tiny Company Dominating Tesla in the Trillion-Dollar Green Energy Race
  • Dylan Jovine 21st Century Battlefield: 4 Companies Changing Warfare

Recent Posts

  • 3 Inflation-Beating Stocks to Buy Now and 5 Ways to Protect Your Money Starting Today
  • Whitney Tilson’s Perfect Portfolio: How to Profit From the $87 Trillion AI Wave
  • Brett Eversole’s True Wealth: How to Mine 10x Profits from the Next 10-Year Trends
  • The Dan Ferris Report: Avoid the Carnage of the Next Financial Crisis
  • George Gilder’s Technology Report – Your Way In: Graphene’s Trillion-Dollar Takeover

Topics

AAPL Advertorial Amazon AMZN Apple Artificial Intelligence Banking Battery Bear Market Biotech Bitcoin Blockchain China Clean Energy Cloud Computing Coronavirus COVID Creative Cryptocurrency Dividends Electric Vehicles Elon Musk Energy Ethereum Gold Google Inflation Interest Rates International Jeff Brown Louis Navellier Market Crash Nomi Prins Oil and Gas Options President Biden Recession Retirement Semiconductor Supply Chain Tesla The Fed TSLA Volatility Warren Buffett

Copyright © 2023 · Stock Trend Alerts - Essential Market Moves and Investing Ideas

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

Stock Trend Alerts, its managers, its employees, affiliates and assigns (collectively "The Company") do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. The Company is not affiliated with, nor does it receive compensation from, any specific security.

To the maximum extent permitted by law, the Company disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations provided herein prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

About Us | How it Works | Privacy Policy | Terms and Conditions | Contact Us