Promise of California Wind Power Lures Long Line of Developers.

"We expect it to be a highly competitive lease sale", Fox said, but there's reason to be a little cautious because "it's just not nearly as developed and proven a resource", and "the viability and commercial capabilities of floating offshore wind are far less clear than traditional turbines connected directly to the ocean floor." (Bloomberg) -- As many as 43 companies are set Tuesday to vie for the opportunity to install floating wind turbines off the California coast and help nurture a nascent renewable power industry. The US government sale of coastal leases will test the appetite of renewable power developers for offshore wind projects in more costly and difficult terrain, as the deep Pacific waters on the auction block offer both stronger gusts and more technological challenges. [Extracted from the article]