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OFFSHORE WIND DEVELOPMENT lease rights for 390,000 acres of federal tracts south of Martha's Vineyard was auctioned for a record $405 million. Above the Block Island Wind Farm. / COURTESY DEEPWATER WIND

Mass. wind-farm site spurs record $405M bids

NEW YORK - Three companies bid a record-shattering $405 million to nab United States rights to build offshore wind farms near Massachusetts on Friday,...
WHILE IT IS THE ONLY CURRENTLY operating wind energy facility in the United States, the Block Island Wind Farm is just the first of many, according to the latest U.S. Department of Energy report. / BLOOMBERG NEWS FILE PHOTO/ERIC THAYER

Federal reports: Wind energy market gains momentum

PROVIDENCE – When it comes to clean energy, the answer is increasingly blowing in the wind – and Rhode Island is playing its part...
VINEYARD WIND, the Massachusetts wind project to be built off the coast of Martha's Vineyard, will provide electricity at an average price of 6.5 cents per kilowatt hour in 2017 dollars over the course of a 20-year contract, significantly less than previous wind cost estimates or offerings. Above, the Block Island Wind Farm operated by Deepwater Wind, the first offshore wind farm in the United States. / COURTESY DEEPWATER

Vineyard Wind project energy costs less than from conventional sources

PROVIDENCE – Earlier this month, the wholesale price of electricity (including renewable energy certificates) to be generated by the 800-megawatt Vineyard Wind project was...
JOB CREATION: Matthew Morrissey, left, vice president of Deepwater Wind, at the energy company’s Providence headquarters with John O’Keeffe, manager of operations and marine affairs. Deepwater said 800 temporary construction jobs and 50 permanent maintenance and operations positions will be needed to facilitate the construction of a second Rhode Island-based offshore wind farm. / PBN PHOTO/MICHAEL SALERNO

Offshore wind farms are producing hundreds of jobs in R.I.

Rhode Island, looking to leverage the vast coastline after which it draws its nickname, jumped on the offshore wind farm bandwagon early on and...
DEEPWATER WIND was selected by Rhode Island to build a 400 megawatt wind farm based on the company's response to a Massachusetts RFP. Massachusetts selected Vineyard Wind for an 800 megawatt project. / COURTESY DEEPWATER WIND

R.I. selects Deepwater for 400 MW wind farm

PROVIDENCE – Deepwater Wind LLC has been selected by Rhode Island to build a 400-megawatt offshore wind farm called the Revolution Wind project, which...

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