Articles filed under Offshore Wind
A $1 million feasibility study released five years ago this month and paid for, in part, by local taxpayers, warned that the high capital and operating costs of offshore wind would require significant funding from the Energy Department and philanthropic organizations.
The federal government has awarded $47 million to sweeten the deal for a $188 million project the Garden State has deemed too risky for ratepayers.
Offshore wind farms have recently been cancelled because of sea birds, rocky ground and basking sharks. But the latest claim is that they could threaten the economic lifeline of an entire island. The Isle of Man government and business community are trying to prevent turbines being built in the Irish Sea.
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.
"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.
Four agencies — two state and two federal — will have the final say on whether the Deepwater Wind project moves into the construction phase.
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.
In a letter to Ohio Power Siting Board Chair Thomas Johnson, the American Bird Conservancy (ABC) and Black Swamp Bird Observatory (BSBO) voiced concerns about the 18 MW offshore project and called for a comprehensive review process to protect the region's birds.
Despite receiving a harsh blow from New Jersey regulators in March, offshore wind developer Fishermen's Energy is showing more signs that it intends to keep pushing forward with its 25 MW Atlantic City demonstration project.
Chairman Snitchler and the Ohio Power Siting Board (OPSB) yesterday presented LEEDCo (Lake Erie Energy Development Corporation) with a daunting TO DO list of insufficiencies, omissions, and errors in its application for 6-9 industrial wind turbines about 7 miles off the shore of Cleveland.
A New Jersey company is appealing the state's rejection of its plan to build a wind farm off the coast of Atlantic City. Fishermen's Energy filed an appeal Monday with the state Board of Public Utilities, saying the agency erred when it rejected the plan last month.
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.
Deepwater is responding to a 2013 request for proposal by LIPA for 280 megawatts of renewable energy. The state-controlled entity is seeking options after applying for a federal lease for its own wind project proposal with Consolidated Edison Inc. and the New York Power Authority off the coast of Long Island.
Energy giant withdraws from a series of planned wind farms, saying that limited subsidies and high costs are major hurdles for offshore wind farms The world's biggest offshore wind farm, the London Array, in the Thames Estuary.
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.
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.
Fishermen's Energy, the Cape May firm that pushed for a wind farm off Atlantic City, says the state Board of Public Utilities used an incorrect calculation when it rejected the project. The board unanimously voted down the project Wednesday, citing concerns that it would increase utility costs for residents.
The BPU decided the project placed too much potential risk of soaring electric bills for ratepayers. They said the project depended on a mixture of subsidies and federal grants to make sure ratepayers didn't get stuck with sky-high bills.
Birding enthusiasts are not so fast to agree. Kimberly Kaufman, executive director of the Black Swamp Bird Observatory in Ottawa County, wants to see deeper study. ...Her group worked with the American Bird Conservancy to stop the latest turbine project in northwest Ohio.
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.