HUGE NEW OCEAN WIND

Giant Offshore Wind Farm Planned for Rhode Island, Massachusetts Coast
October 11, 2011 (Sustainable Business)

"…Deepwater Wind Energy Center would be a 200 turbine, 1000 MW wind farm about 20 miles off the coast of Rhode Island and Massachusetts. Construction would begin in 2015, with electricity pumping two years later…[This is] a "second generation" offshore wind farm…It will be larger and farther from shore, and will produce lower-priced power, using more advanced technology than any of the offshore projects announced to date…

"… The transmission system needed to transport that power to multiple East Coast states doesn't exist…So, Deepwater says it's developing the New England-Long Island Interconnector (NELI) transmission network, which would send the electricity to nearby states…"

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"Last year, Secretary of Interior Ken Salazar and BOEMRE launched the "Smart from the Start" initiative, which seeks to jumpstart offshore wind in the US…[by taking] a proactive approach to siting wind projects which have been held up by siting concerns, lack of a clear regulatory structure, and congressional budget battles…

"The world's offshore wind capacity is expected to surge to 70.1 gigawatts (GW) by the end of 2017, up from 4.1 GW in 2011, according to Pike Research. That represents $104 billion by 2017, a 53% compound annual growth rate (CAGR) over the next six years…In a more aggressive scenario, revenues could reach $130.5 billion…About 75% of this growth is expected to be in western Europe…"