PUC rejects Deepwater contract on price

AN INSTALLATION VESSEL erects an offshore wind turbine in waters off the United Kingdom last summer. Deepwater Wind hopes to do the same off Rhode Island. /
AN INSTALLATION VESSEL erects an offshore wind turbine in waters off the United Kingdom last summer. Deepwater Wind hopes to do the same off Rhode Island. /
(Updated, 4:30 p.m.) WARWICK – The R.I. Public Utilities Commission on Tuesday rejected as too expensive a proposed power-purchase agreement between Deepwater Wind LLC and National Grid Plc, dealing a heavy blow to Deepwater’s plan to build a wind farm off Block Island. The three commissioners unanimously voted down the 20-year contract despite strong support…
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3 COMMENTS

  1. Thank your PUC Commissioners, Rhode Island. Instead of caving to political pressure applied by your Governor, they opted to serve public interest and abide by applicable laws.

    “Deepwater Wind is an offshore wind development company formed by Newton-based First Wind Holdings Inc. and other investors.”

    http://www.masshightech.com/stories/2008/09/22/daily59-First-Wind-spinoff-to-build-RI-offshore-wind-project.html

    ‘Who are these guys Cape Wind, EMI, UPC, First Wind, IVPC?’

    http://bjdurk.newsvine.com/_news/2010/02/23/3941508-who-are-these-guys-cape-wind-emi-upc-first-wind-ivpc

    FOX NEWS MAY 2009

    Prosecutor Roberto Scarpinato told the Financial Times, and this verbiage frames the issues:

    “This is the amazing thing — that developers got public money to build wind farms that did not produce electricity,” he said.

    Furthermore, locally-built wind farms are often bought up by multinational energy firms from other parts of Europe, none of which know the true identities of the original owners.

    “A handful of people control the wind sector,” said Scarpinato. “Many companies exist, but it is the same people behind them.” Eight arrests have already been made.”

    http://www.foxnews.com/story/0,2933,519000,00.html

  2. It’s incredibly disappointing that the PUC rejected Deepwater Wind’s contract. There goes the green job hub in Quonset and our reputation as being environmentally friendly or proactive. This was an opportunity to really change things for the better and now our opportunity is lost.
    Terrible! So disheartening.

  3. RI should be glad the PUC made a rational decision based on the facts rather than the bogus claims of Deepwater Wind.

    The benefits renewable-energy projects will yield in terms of:
    price predictability = none
    energy independence = none
    reduction in global warming pollution = none.