A new report is laying out the economic and environmental benefits of expanding offshore wind energy production in Maryland — before a single wind turbine has been placed in the Atlantic off the coast of Ocean City.
The report, commissioned by the Chesapeake Climate Action Network and released Thursday, found that expanding the offshore wind industry in Maryland will provide “a multitude of benefits” over the next several years, including $5 billion in savings to electricity ratepayers and myriad environmental and public health advantages, according to Isaac Gabel Frank, the author of the study.
“Over the next decade, we expect the cost of offshore wind to continue to fall,” he said during a briefing with reporters on Wednesday.
