Yesterday, the United State Department of Interior (DOI) announced the execution of a Memorandum of Understanding (MOU) with the Ministry of Petroleum and Energy of the Kingdom of Norway to formalize a partnership to share best practices, knowledge, experience, policy, and regulatory initiatives in connection with the development of as oil, gas, and wind energy resources.
The press release, found at https://www.doi.gov/pressreleases/interior-and-norway-strengthen-offshore-energy-and-mineral-resource-knowledge-and, highlights, among other things, each country’s focus on the importance of developing sustainable energy resources – wind energy, in particular. The demand for offshore wind energy has never been greater. In the United States, offshore wind is a vast, sustainable energy resource, which can provide an efficient and reliable low-carbon alternative to the nation’s current electricity use.
As evidenced by this partnership with Norway, the United States is furthering its commitment and support of developing a robust and sustainable offshore wind energy industry in efforts to provide a clean source of electrical power for its citizens, while simultaneously diversifying its electrical supply. In addition, studies by the U.S. Department of Energy indicate that development of this new domestic industry is a significant economic opportunity for the United States, as it will lead to the creation of thousands of jobs, revitalize ports and coastal communities, expand manufacturing and draw new investments to the United States, among other economic benefits. Based on information provided on the Bureau of Ocean Energy Management’s website, currently, there are approximately 15 active commercial offshore wind leases in Federal waters that could support more than 21 gigawatts of generating capacity.
Power derived from offshore wind energy has become an important and growing sector of the United States power supply and economy. Partnering with other countries in this endeavor, such as Norway, facilitates and improves the United States’ ultimate success of developing this sustainable offshore energy resource in a safe and responsible manner.
Disclaimer: This Blog/Web Site is made available by the law firm of Liskow & Lewis, APLC (“Liskow & Lewis”) and the individual Liskow & Lewis lawyers posting to this site for educational purposes and to give you general information and a general understanding of the law only, not to provide specific legal advice as to an identified problem or issue. By using this blog site you understand and acknowledge that there is no attorney client relationship formed between you and Liskow & Lewis and/or the individual Liskow & Lewis lawyers posting to this site by virtue of your using this site. The Blog/Web Site should not be used as a substitute for legal advice from a licensed professional attorney in your state regarding a particular matter.
Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. Communications include firm news, insights, and events. To receive information from Liskow & Lewis, your information will be kept in a secured contact database. If at any time you would like to unsubscribe, please use the SafeUnsubscribe® link located at the bottom of every email that you receive.