By Brian Eckhouse and Christopher Martin (Bloomberg) -- The offshore wind-power project that became the subject of a Twitter war between federal energy regulators is moving forward with a debt financing for an estimated $2.15 billion phase, according to people familiar with the situation. Vineyard Wind, a joint venture of Avangrid Inc. and Copenhagen Infrastructure Partners … [Read more...]
Mitsubishi Heavy Sees Billion-Dollar Opportunity in U.S. Northeast Wind
By Joe Carroll (Bloomberg) -- Wind-power demand in the U.S. Northeast may spur $1 billion or more in orders for offshore towers, according to Mitsubishi Heavy Industries America Inc. executives. Planned auctions for wind power in New Jersey, New York, Massachusetts, Rhode Island and Connecticut probably will require construction of as many as 1,000 offshore towers, said … [Read more...]
First Big U.S. Offshore Wind Farm to Save Customers $1.4 Billion
By Jim Efstathiou Jr. (Bloomberg) -- Massachusetts electricity users will save about $1.4 billion over 20 years from the first commercial-scale offshore wind farm in the U.S. Avangrid Inc. and Copenhagen Infrastructure Partners, joint developers of the 800-megawatt project south of Martha’s Vineyard, expect to provide power and renewable energy credits for 6.5 cents a … [Read more...]
New Jersey Revives Plan for Wind Farm Off Atlantic City Coast
By Jim Efstathiou Jr., Jim Polson and Elise Young (Bloomberg) -- New Jersey lawmakers have revived a long-stalled plan to build a wind farm off the coast of Atlantic City. Both houses of the state Legislature approved a bill Thursday allowing the New Jersey Board of Public Utilities to reconsider a 24-megawatt project by Fishermen’s Energy LLC that was rejected under … [Read more...]
The Biggest Problem for Offshore Wind in the United States Might Be the Ports
By Jim Efstathiou Jr. (Bloomberg) -- U.S. offshore wind developers have a space problem. Giant windmills with rotors that can stretch as high as 600 feet (180 meters) above the ocean’s surface will dwarf the existing port structure. Finding locations big enough to assemble the huge towers and turbines and handle ships that can deliver the hardware to offshore farms is the … [Read more...]