Updated May 28 at 9:28pm
Natural Resources
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(Updated, July 10, 11:02 a.m.) Cape Wind Associates LLC has a tentative agreement to lease 14 acres at Quonset Business Park in North Kingstown as a staging area to build its planned 130-turbine windfarm off the coast of Massachusetts, the Quonset Development Corporation said Wednesday. more
The School for Marine Science & Technology at the University of Massachusetts Darmouth has received $4.4 million for sea scallop research under the National Oceanic and Atmospheric Administration’s Northeast Cooperative Research Program. more
U.S. Sens. Jack Reed and Sheldon Whitehouse and U.S. Reps. James R. Langevin and David N. Cicilline announced Tuesday that Rhode Island will receive $432,696 in federal funding under the Land and Water Conservation Fund. more
Demolition has begun at Rocky Point, launching the next phase of a $3.06 million project to restore and redevelop the property into a new coastal state park, the R.I. Department of Environmental Management said Wednesday. more
Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels. more
Energy Capital Partners, the owner of Brayton Point Power Station, could stand to gross an additional $77 million in operating year 2017-18 due to an energy production shortfall expected to raise prices after Brayton Point shuts down, according to U.S. Rep. Joseph Kennedy III. more
General Electric Co. clinched its biggest acquisition ever, the $17 billion purchase of Alstom SA’s energy assets, after the resolution of the French government’s last condition for the deal. more
Rhode Island will receive an additional $7 million from the U.S. Department of the Interior to clean up damage to the state’s coastline following Hurricane Sandy and prepare the state for future storms, U.S. Sen. Jack Reed announced Monday. more
Siemens AG is preparing a bid for Alstom SA’s energy unit that would leave it with the French company’s gas turbines while allowing partners Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to expand their steam turbines and hydro businesses, people familiar with the matter said. more
Deepwater Wind’s five-turbine Block Island Wind Farm could get final approval on its federal permits in July, Michael Elliott, U.S. Army Corps of Engineers project manager for the wind farm, told Providence Business News Friday. more
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