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Optimism in Offshore Wind

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4 Reader Comments
Comment
1 of 4
December 15, 2009
Offshore wind seems poised for growth in the U.S. So far no farm have been developed. One project is in the making in Delaware, backed by NRG Energy and another is also close to construction by Cape Wind, the company is actually close to selecting a turbine manufacturer. Again though, like in many areas in clean energy, Europe is leading in this area.
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Comment
2 of 4
Anonymous
January 6, 2010
By Christine McConville
Wednesday, January 6, 2010

She's not shocked? Martha Coakley mum on National Grid donations -Massacchusetts


Outraged Bay Staters are calling on Massachusetts' attorney general to probe links between a utility's big rate-hike approval and subsequent donations by company executives to Gov. Deval Patrick's re-election campaign.
"These National Grid political donations may very well turn into higher electric prices on the backs of homeowners throughout Massachusetts," said Audra Parker of the Alliance to Protect Nantucket Sound. The group is the chief critic of Cape Wind, the controversial offshore wind energy project that Patrick supports.
The Herald reported yesterday that on the same day in December Patrick's utility commissioners approved a $44 million rate hike for National Grid, and the utility agreed to consider purchasing power from Cape Wind. A week later, the governor attended a party at the offices of National Grid's federal lobbyist, netting nearly $7,000 from people with ties to the utility.

National Grid's decision to consider purchasing the power from Cape Wind gave the plan a significant boost. Amid reports that wind-generated energy could cost users three to four times more than conventional energy, Cape Wind developers could secure more financing by showing there is a buyer for their power.
Attorney General Martha Coakley's position requires her to ensure that residents get reliable energy at the lowest possible cost. Through a spokesman, Coakley declined comment yesterday.
Patrick's campaign has denied any connection between the events. National Grid says the timing is "coincidental."
Patrick got a similar fund-raising boost from Cape Wind itself, back in 2006 when he was running for governor. Just months after coming out in favor of the project, he collected $2,000 in donations from Cape Wind President Jim Gordon and his wife.
"You would think the governor would be more sensitive to even the appearance t
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Comment
3 of 4
Anonymous
January 15, 2010
National Grid customers will experience sticker shock after the giant utility negotiates a long-term electric contract with Cape Wind developers, energy experts warn.
Business groups worry that a National Grid contract with Cape Wind, which needs a long-term deal to secure funds to build a giant wind farm off Cape Cod, could add tens of millions of dollars per year to electric bills.
They point to a recent price agreement between National Grid and a Rhode Island wind-farm developer as cause for alarm.

The Rhode Island deal calls for National Grid to pay an eye-popping 24 cents per kilowatt hour for electricity from Deepwater Wind's proposed wind farm off Block Island for 20 years. That's three times higher than the current price of natural-gas generated electricty - and the Rhode Island deal includes a 3.5 percent annual price increase over the life of the contract.
Rhode Island officials have estimated the small Deepwater contract will add about $1.35 per month in the first year to an average residental customer's bill - and it will add far more to the bills of big energy-using companies.
Analysts say a Cape Wind contract could come in at about 15 cents per kilowatt hour - about twice as high as current prices for natural-gas generated electricity.
"It's still double the price - and the ratepayers will be picking up the tab for it for 20 years," said Robert Rio, a senior vice president at Associated Industries of Massachusetts.
One source, who supports the Cape Wind project, said officials are hoping National Grid can negotiate a price at about 12 to 14 cents per kilowatt hour in the first year - but that's still far above today's 6 to 8 cents for natural-gas generated electricity.
Dennis Duffy, a vice president at Cape Wind, cautioned that the price of natural gas is volatile and was much higher only a few years ago, before the global recession dramatically reduced energy prices.
Cape Wind stands by its assertion that it will eventually save customers
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Comment
4 of 4
Anonymous
January 29, 2010
OCEAN Thermal Energy Conversion is to be supported by USA and Tropical island countries.
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With 30,000 subscribers and a global readership in over 170 countries around the world, Renewable Energy World Magazine is targeted at those who make growth happen in renewable industries. Covering policy, technology, finance,... more »

 

Eize de Vries

View Eize de Vries's Profile
About: Eize de Vries was from 2001 to March 2010 Wind Technology Correspondent for Renewable Energy World magazine. He currently works as a Technology Writer and Techn... more »

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