The first offshore construction season is now complete for America’s first offshore wind farm, with all five steel jacket foundations fully installed at the Block Island Wind Farm site. Construction crews installed the last deck platform on November 21. All of the construction and crew vessels associated with the operation have now demobilized from the site.…
First loadout for Block Island offshore wind project
The latest update for the Block Island wind farm, the U.S.’s first offshore wind farm, has been released this week. A video released by Deepwater Wind, the developer of the project, shows the first loadout from Gulf Island Fabrication in Houma, Louisiana. The first two jacket foundations and one of the decks are loaded on a…
Block Island wind farm now fully financed
Deepwater Wind Block Island, a wholly-owned subsidiary of Deepwater Wind, has fully financed the Block Island Wind Farm, reaching financial close on more than $290 million in project financing provided by Mandated Lead Arrangers Societe Generale of Paris, France, and KeyBank National Association of Cleveland, Ohio. In addition to its role as Mandated Lead Arranger,…
What you can do to extend the Investment Tax Credit
Editor’s note: The comments in this article are edited for brevity and accuracy from the notes taken at the recent AWEA Offshore conference. A panel at the recent AWEA Offshore 2014 Conference discussed the importance of the Investment Tax Credit (ITC) and what it means to the offshore wind industry. Panel chair Jim Reilly, a…
Turbines in really deep water
Deepwater Wind, a company based in Providence, Rhode Island, has drawn up plans for what could be the largest wind farm in U.S. waters, the company announced last week.
Regional offshore wind farm to supply multiple east coast states
Offshore wind developer Deepwater Wind plans to construct the Deepwater Wind Energy Center (DWEC), what the company calls the first of second generation offshore wind farms in the United States.
Offshore winds blow fast but farm development slow
Gregory K. Lawrence/Partner/McDermott Will & Emery LLP, Chicago/mwe.com The development of offshore wind farms would drive job creation and stimulate industries such as offshore shipping and installation work. T he American Recovery and Reinvestment Act (ARRA) has accelerated the already dramatic growth in America’s wind energy output. The 8,558 MW of new wind generation capacity…