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Energy Dept. to Underwrite 7 Wind Projects

Dec 13, 2012
(New York Times)

The federal government is stepping up its efforts to kick-start the offshore wind industry by awarding $28 million in grants to seven projects that are developing varying kinds of power-generation technology.

The Department of Energy said Wednesday that each developer would receive up to $4 million to complete the engineering, design and permitting phases of their projects in six states. Three of the seven will then be selected to receive up to $47 million over four years, subject to Congressional appropriations, for construction and installation, with the aim of having them begin commercial operation by 2017. So far, no offshore wind farm is operating in American waters.