Hoboken firm lands wind farm bid
Offshore Wind Farm to be built in Rhode Island
Deepwater Wind, a Hoboken-based wind energy company, has been chosen as the developer to construct a $1.5 billion offshore wind farm in Rhode Island, the state’s Gov. Donald L. Carcieri said today. The project will provide 1.3 million megawatt hours per year of renewable energy, accounting for 15 percent of all electricity used in Rhode Island, according to Carcieri’s office. Rhode Island is one of several states—including New Jersey, Delaware and Massachusetts—vying to build the country’s first offshore wind project.
Deepwater, which made one of seven bids on the project, will construct a regional manufacturing facility in Quonset, generating up to 800 jobs and total annual wages of $60 million in the Ocean State, the governor’s office said. The company is backed by First Wind, a Newton, Mass.-based onshore wind project developer; First Wind, a New York City-based investment and technology development company and Ospraie Management; an asset-management firm in New York City.
Deepwater and the state of Rhode Island are expected to negotiate a formal development agreement within a 90-day period, according to the governor’s office. Because the exact location of the project has yet to be determined by the state, construction of the wind farm likely won’t begin for another two years, the office said.
Meanwhile, New Jersey’s Board of Public Utilities’ offshore wind evaluation committee is currently reviewing five proposals to build an offshore wind pilot project in the state. On Oct. 3, the committee is expected to make a recommendation to the board, which, if any, of the proposals should be selected, according to BPU spokesman Doyal Siddell. The state Department of Environmental Protection is also conducting an environmental feasibility study to assess the impact of wind turbines on bird and marine life, according to the department.