Wind is Novelty Energy, at Luxury Prices….
Guest post by David Middleton
Deepwater Wind LLC is on the verge of completing the first offshore wind farm in U.S. waters, a milestone for an industry that has struggled for a more than decade to build in North America.
Workers have installed blades on four of the five 589-foot turbines at the site off the coast of Rhode Island and construction may be complete as early as this week, according to Chief Executive Officer Jeff Grybowski. The 30-megawatt, $300 million project is expected to begin commercial operation in early November.
“We will finish in advance of our original schedule,” Grybowski said in an interview at a dock on Block Island. “And we are in-line with our budget.”
After years of false starts, the offshore wind industry appears to be gaining momentum in the U.S. The federal government has awarded 11 leases to companies to develop projects along the East…
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