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Delaware Utility Must Negotiate PPA from Proposed Offshore Wind Park

The Delaware Public Service Commission and three other state agencies made a landmark decision to order Delmarva Power & Light to negotiate a purchase power agreement (PPA) with Bluewater Wind LLC for what could be the nation's first offshore wind park.

Bluewater Wind has proposed a 600-megawatt (MW) wind park consisting of 200 3-MW turbines located between 11 and 17 highway miles off the Delaware coast.

"Bluewater Wind is excited about the opportunity to negotiate with Delmarva Power & Light to provide clean, renewable energy by building the nation's first offshore wind park," said Peter Mandelstam, president of Bluewater Wind. "We are optimistic that we will reach an outcome that will benefit all of Delmarva's ratepayers."

The Delaware Municipal Electricity Corporation, Inc. (DEMEC) and Bluewater Wind have already reached an agreement in which Bluewater Wind will provide stable-priced, reliable and clean power to 100,000 Delaware residents in many of the areas not served by Delmarva Power. The agreement would come into effect only if Delmarva Power and Bluewater Wind are also able to come to an agreement.

The offshore wind park won the endorsement of former governors Russell Peterson and Pete du Pont, Lt. Governor John Carney, Delaware State Treasurer Jack Markell, United States Senator Tom Carper, and environmental organizations such as the Delaware Audubon Society, Delaware Chapter of the Sierra Club, and the Delaware Nature Society as well as many local community groups.


Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.
Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...


Volume 18, Issue 3


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