THE EMERGING OCEAN WIND PLAY

First US offshore wind farm hits the waves

November 22, 2015 (News 24)

“…[W]hile the US East Coast has what one study called a ‘Saudi Arabia’ of untapped wind resources just off its shores…[Europe] has built more than 80 offshore wind farms since 1991 [but] there had not been a single wind farm constructed in US waters…[but] Deepwater Wind's five-turbine Block Island project is expected to go online in late 2016 with an overall capacity of 30 MW…[The project] is a ‘demonstration project’, despite its hefty price tag of $290m, raised entirely from private investors…Deepwater and two other companies, including Dong Energy of Denmark, have leased tracts from the federal government farther off Rhode Island and Massachusetts for even larger farms, with up to a combined 500 turbines. Other developers are eyeing Maryland and New Jersey…A recent report by Oceana, an ocean conservation advocacy group, found that the wind resources off the 13 US states along the East Coast could generate 127 GW…[and] supplant 70% of the East Coast's fossil-fuel based electricity…” click here for more

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