BILLIONS COMING TO EAST COAST OCEAN WIND

New Jersey is next for offshore wind energy; Two companies bid a collective $1.8 million to explore the potential of fledgling U.S. industry.

Daniel J. Graeber, November 10, 2015 (United Press International)

“Two energy companies won the rights to advance wind energy off New Jersey's coast, where the potential exists to power 1.2 million homes…RES America Development and U.S. Wind Inc. bid more than $1.8 million collectively for the rights to consider the potential to develop wind energy in the federal waters off the coast of New Jersey…The estimated 344,000 acres off the New Jersey coast has, by the federal government's estimate, the potential to generate enough wind energy to power 1.2 million average households…[The Bureau of Ocean Energy Management of the Department of the Interior also recently] started a review of Virginia's plans for offshore wind installations…There was no public information on when construction could begin off the New Jersey coast. Construction for what's expected to be the first commercial offshore wind farm in the United States, Block Island, began off the Rhode Island coast during the summer.” click here for more

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