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  • bluecheese4u bluecheese4u Jun 17, 2013 1:35 AM Flag

    Deepwater expects to win US offshore wind lease: CEO

    Deepwater expects to win US offshore wind lease: CEO

    Reuters 5 hours ago

    Privately held Deepwater Wind expects to win a federal lease to build a wind farm of up to 1,000 megawatts (MW) in federal waters south of Rhode Island and Massachusetts, the company's chief executive said in an interview.

    The Department of Interior's Bureau of Ocean Energy Management (BOEM) will hold the competitive lease sale for renewable energy on July 31.

    Since Rhode Island has already selected Deepwater as the state's preferred offshore wind developer, the company has an advantage in the federal lease auction. Deepwater was picked as the preferred developer in 2008 after a competitive process.

    "We're going to win the lease," Deepwater CEO Jeffrey Grybowski told Reuters, noting they are the preferred developer.

    As US consumers demand cleaner sources of energy, federal and state governments are encouraging power companies to build renewable sources of generation, like offshore wind farms.

    By being built on the ocean, a wind farm can take advantage of better wind speeds off shore versus on land, which generates more electricity. A wind farm of 1,000 MW could power about 300,000 homes.

    Deepwater is in a race with Cape Wind, another privately held offshore wind farm developer, to build the first offshore wind farm in the United States.

    Deepwater's most advanced site is a smaller, 30-MW project in Rhode Island state waters on the south side of Block Island, which will cost about $250 million, including a transmission link from Block Island to the mainland. The company has also proposed building wind farms offshore from New Jersey and New York City.

    If all goes according to plan, Grybowski said Deepwater expects to have all permits for Block Island by late summer and start construction of the five Siemens AG (SIEGn.DE) 6-MW turbines - each about 200 metres tall - or on the foundations that anchor the towers to the seabed, by the end of 2013, allowing the project to qualify for federal

 
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