Deepwater Wind doubles downPosted: 12/09/2010
A wise man once said you always double down when you are dealt eleven in Blackjack. Well, Deepwater Wind is pursuing economies of scale, and has effectively doubled down, increasing its proposed wind park from 100 to 200 turbines, lowering the cost of wind generated to 16 cents/kw. I detailed the long and complicated process of this development, here, here, and here; this study details the great potential of Atlantic offshore wind. Suffice it to say, this expansion bodes well for the approval and completion of the large-scale wind farm. Save the Bay’s Jonathan Stone, director of the largest and most prestigious environmental group in Rhode Island, supports the move. Rhode Island taxpayers will like the lower rates. This is a win-win.