US Offshore Wind Projects: Goverment to Underwrite Costs

The New York Times
Sunday, December 16, 2012

The federal government is stepping up its efforts to kick-start the offshore wind industry by awarding $28 million in grants to seven development projects.

The Department of Energy informs that each developer would receive up to $4 million to complete the engineering, design and permitting phases of their projects in six states. Three of the seven will then be selected to receive up to $47 million over four years, subject to Congressional appropriations, for construction and installation, with the aim of having them begin commercial operation by 2017. So far, no offshore wind farm is operating in American waters, reports The New York Times.

The projects are in Maine, New Jersey, Virginia, Texas, Ohio, and Oregon. In New Jersey, one project plans to install as many as six direct-drive turbines in state waters three miles off Atlantic City, using a bottom-mounted design that is intended to minimize environmental impacts.

Source: The New York Times


 

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