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(contents )(mt) Marine Technology (ISSN 2153-4721) is published quarterly in January, April, July, and October by the Society of Naval Architects and Marine Eng ineers, 601 Pavonia Avenue, Jersey City, NJ 07306. Periodicals postage paid at Jersey City, NJ and additional mailing o ces. Annual subscription rates: For U.S. and possessions, $120; single copy, $35. For international: $135; single copy, $35. Copyright © 2012 by the Society of Naval Architects and Marine Engineers. POSTMASTER: Send address changes to the Society of Naval Architects and Marine Engineers, 601 Pavonia Avenue, Jersey City, NJ 0 7306. October 2012 www.sname.org/sname/mt [] MHK: The Emerging Player BY BRIAN LOUNSBERRY Challenges and opportunities for the nascent marine and hydrokinetic energy industry [] A publication of the Society of Naval Architects and Marine Engineers www.sname.org OFFSHORE WINDThe technical and economic challenges of harnessing ocean energy Out to Sea Floating wind turbines Finance and Policy European and American oshore wind Emerging Player Marine and hydrokinetic energy October 2012 ON THE COVER: A WindFloat unit is towed into position o the coast of Portugal in late 2011. Principle Power, Inc.s ? oating support structure for o shore wind turbines has since operated at rated power in maximum wave he ight conditions up to 10 m. Photo courtesy Principle Power, Inc. COVER DESIGN BY BATES CREATIVE GROUP Creating an Energy Industry BY JOSE ZAYAS e Department of Energys o shore wind strategy Money and Policy BY CHRISTOPHER G. HART Assessing the nance and policy environments for the European and American o shore wind industries Demonstrating Floating Wind Power BY DOMINIQUE RODDIER AND CHRISTIAN CERMELLI More synergy between emerging industries than innovation, WindFloat achieves a milestone in 2012The PelaStar Approach BY BILL HURLEY A tension leg platform solution for deep-water wind farms Winds of Change BY JOHAN SANDBERG As the transition to renewable energy sources gathers pace in Europe, wind power should remain a prominent player despite challenges From the Editorial Board Feature Contributors Industry Events Policy Brie? ng Founders and Leaders Marine Technology Notes In Review Education Abstracts Glossary Historical Note October 2012