Fri, Feb 27, 2015, 8:54 AM EST - U.S. Markets open in 36 mins.

Recent

% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Jul 25, 2013 9:20 AM Flag

    Virginia offshore advocates seek to speed process

    Virginia offshore advocates seek to speed process

    July 25, 2013 at 7:50 am by Associated Press

    By Steve Szkotak
    Associated Press

    RICHMOND, Va. (AP) — With a September auction set for nearly 113,000 offshore acres devoted to wind development, wind power advocates are working to hasten the construction of wind turbines that could supply power to 700,000 Virginia homes and at a price ratepayers can afford.

    The Virginia Offshore Wind Development Authority met Wednesday to discuss strategies to achieve those goals, from documenting wind speeds in an energy development area nearly 25 miles off Virginia Beach to mapping the contours of the ocean floor where turbines towering 700 feet from the floor would be planted.

    The meeting came two days after the Bureau of Ocean Energy Management scheduled the Sept. 4 auction forenergy companies to bid on a lease for the vast expanse of the Atlantic Ocean set aside for wind farms. Eightenergy companies have qualified to bid on the ocean tract.

    School project: Renewable energy complaint tests utilities’ pull

    The authority and its industry counterpart, the Virginia Offshore Wind Coalition, are aiming to provide the eight companies with information they can use to speed along the construction of wind turbines, which they say will create a new industrial base and thousands of jobs. Estimates now put their construction six or more years away.

    “This is a multibillion dollar business,” said Bob Mathias, chairman of the authority, which was created to promote an offshore wind industry. “Each windmill is $20-25 million, so they need that kind of information before they make their investment.”

    Some of the work is under way.

    With state and federal financing, Fugro Geotechnics and Survey has been scanning the ocean floor. Its final report is due in early September.

    “This is giving them some idea of what the subsurface looks like,” said Sally McNeilan, who is affiliated with Fugro and the coalition. “It isn’t all sand out there.”

    The o

 
XOM
88.65+0.20(+0.23%)Feb 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.