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US offshore wind companies now have critical mass and big backers

Chief hurdle has been the cost of building at sea, which is about double what it takes to install turbines on land

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After years of false starts, US offshore wind has attracted some marquee names with deep pockets, creating a sense of optimism for the emerging industry.

New York

After years of false starts, US offshore wind has attracted some marquee names with deep pockets, creating a sense of optimism for the emerging industry.

"These are big, well-capitalised companies that are unlikely to fail," Bryan Martin, a managing director at DE Shaw

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