Articles filed under Offshore Wind

Lake Erie wind farm fails to make cut for major federal funding

A proposed wind farm on Lake Erie has failed to win major federal funding that would have provided nearly $50 million toward the goal of producing wind-powered electricity in a few years. While the so-called Icebreaker project of the Cleveland-based Lake Erie Energy Development Corp., or LEEDCo, shows promise, the U.S. Department of Energy appeared to judge three other offshore wind energy projects as closer to being ready. 
7 May 2014

Judge rules in favor of Cape Wind plans

"If instead of a judicial robe, I were to wear the hat of John Muir or Milton Friedman, I might well conclude that the Cape Wind project should have been built elsewhere (or not built at all), or that the NStar-Cape Wind contract should never have been approved," Stearns wrote. ...The banks expect to provide more than $400 million in debt themselves in addition to $900 million in potential financing from other sources.
3 May 2014

Residents to finally get a break from the din from Dong

People living on the East Coast can look forward to a good night’s sleep after an offshore wind farm developer agreed not to lay foundations for new turbines overnight Residents in Withernsea and further afield have been complaining bitterly about the “din from Dong” which began when the energy firm started laying piles for in February.
2 May 2014

Offshore wind turbulence; EU carbon collapse

The UK offshore wind sector has seen two announcements in the last week, demonstrating it is at a crucial moment in its development. The first came from Siemens, which said on March 25 that it plans to invest $US264 million in a turbine factory in northern England to tap the country’s offshore wind market. The German company has some 2.7GW of turbines installed in UK waters – about three-quarters of the total – and it has been awarded contracts for a further 3GW. Its projections may be on the optimistic side, however: it forecasts that the UK will have 14GW of offshore wind capacity by 2020 – 2.5GW more than Bloomberg New Energy Finance’s estimate.
2 Apr 2014

BPU rejects Cape May group’s plan for offshore wind farm

The company claimed those costs would amount to $199 per megawatt hour, but that rate was dependent on it receiving up to $100 million in federal subsidies. The BPU’s staff questioned that aid, part of which was based on a federal tax investment credit, which expired at the end of 2013. Without the subsidies, the cost of credits to consumers would balloon to $263 a megawatt hour. “It’s simply too high a price for ratepayers,’’ said BPU President Diane Solomon.
22 Mar 2014

National Grid submits proposal to take over construction of Deepwater transmission lines

National Grid has submitted a proposal to the R.I. Division of Public Utilities and Carriers to construct the transmission system for the Deepwater Wind Block Island Wind Farm, instead of purchasing the completed system from Deepwater Wind as in previous plans. National Grid has also proposed paying Deepwater Wind $9.5 million for assets already invested in developing the transmission system.
21 Mar 2014

NJ rejects 3-year effort to install wind farm off Atlantic City coast

The three-year effort by a coalition to build the country's first offshore wind farm in waters off Atlantic City appears dead in the water after the state Board of Public Utilities rejected the proposal today. The unanimous decision by the BPU followed a recommendation by its staff, which said the $188 million proposed project was not financially viable because it left ratepayers on the hook for too much money if expected federal grants did not materialize.
19 Mar 2014
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