America's first offshore wind farm gets green light

By Admin
Deepwater Wind has secured $290 million financing for Americas first commercial offshore wind farm off Rhode Island. Following the announcement late las...

Deepwater Wind has secured $290 million financing for America’s first commercial offshore wind farm off Rhode Island. Following the announcement late last week, Alstom on Monday confirmed it will be supplying five of its Haliade 6MW offshore wind turbines to the project, known as the Block Island Wind Farm.

According to Bloomberg, Deepwater Wind is now hoping to start offshore construction this summer, marking a major breakthrough for the US that has struggled to build offshore wind farms.

The Cape Wind scheme off the coast of Massachusetts has faced repeated legal battles with local fishing communities and Native Americans during its 13-year long development.

Meanwhile, Dong Energy, MHI Vestas and Siemens on Tuesday jointly pledged to reduce costs in the offshore wind industry during the next 15 years.

Michael Hannibal, chief executive of offshore for Siemens Wind Power and Renewables, said cost reduction remains “a top priority” for the industry.

“We need to create profitable investments for offshore projects independent of subsidies,” he said in a statement. “In a united industry, all stakeholders across the whole value chain are equally responsible to contribute and deliver. Siemens takes full ownership of this challenge. If we all do that, we will win.”

The three companies made the commitment as the European Wind Energy Association (EWEA) published a new report predicting that that offshore wind power could be delivered at a levelised cost of €90 per megawatt hour (MWh) by 2030 from around €140 per MWh today. That would make it around the same cost as onshore wind power currently.

The study, carried out by EY, suggests larger turbines could contribute 9% cost reductions by increasing yields and reducing maintenance demands. Meanwhile, a steady project pipeline would deliver 7% cost reductions, as would increased competition in the supply chain.


Featured Articles

Dubai Extends Metro as Millions Switch to Public Transport

Dubai to spend US$4.9 billion on extension to successful Metro system to connect more residential communities to growing public transport system

New construction contracts released for HS2 UK rail project

Great Britain’s high speed railway construction project is set to bring another £1bn of benefits to British businesses

How to lead a successful EDI migration process

Software developer Comarch, which has over 20 years of experience in data management, shares tips on the potentially challenging EDI migration process

Changing EDI provider & how to find the right one

Technology & AI

Tinamu drone automation revolutionises inventory management

Digital Construction

COBOD's BOD2 3D printer used to build a school in Ukraine

Construction Projects