U.S. investment in offshore wind power is predicted to rise from nothing 10 years ago to a level that nearly matches spending on offshore oil drilling, as an energy source established in Europe grows in popularity across the Atlantic.

Offshore wind projects are on course for about $78 billion in capital spending this decade, compared with the $82bn planned for U.S. offshore oil and gas development, according to energy consultancy Wood Mackenzie.

In the decade that began with the 2010 Deepwater Horizon drilling disaster, U.S. offshore oil development received $154bn of investment. The figure for commercial-scale offshore wind was zero.

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