Sunday, April 20, 2014

Analysts Place Bets On Block Island To Spur Us Offshore Wind Sector

Analysts Place Bets On Block Island To Spur Us Offshore Wind Sector

Pr'ecis:

Despite a recent setback for one offshore wind project, it would seem another has managed to dot its i's and cross its t's when it comes to bagging finance and marine industry experience.

"By John R. Johnson"

With the Cape Wind offshore wind project sinking fast, the focus for offshore wind development in the U.S. has shifted a few hundred miles down the Atlantic Coast to Rhode Island, where the Block Island Wind Farm is now projected to be the first offshore facility constructed in the United States.

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"I think we will see an offshore project begin by the end of this year, and that will be Block Island," says Amy Grace, a wind industry analyst with Bloomberg New Energy Finance. "Block Island is a much more manageable size for your first project."

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Credit: green-energy-digest.blogspot.com

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