Cost remains an issue in developments of wind turbines
New Jersey's Division of Rate Counsel estimates that building 1,100 megawatts of offshore wind capability could cost $5.6 billion over the next 20 years and cost average ratepayers $5 to $8 surcharges on their monthly bills.
December 5, 2010
by Kirk Moore
in Asbury Park Press
A New Jersey is far out in front of other East Coast states with its plans for offshore wind power - and could become a front line in the gathering political battle between old and new energy industries.
Four proposed projects would build up to 1,750 megawatts of wind-driven power off New Jersey. One early demonstration project by Fishermen's Energy - a consortium of New Jersey captains and seafood businesses who reason their experience perfectly qualifies them to get in on the business early - may become the East Coast's first offshore wind power array, with six turbines in sight of... [continue via Web link]