December 12th, 2008
Grays Harbor Energy announced plans this past week to take wind farms off Shore, according to Michael Lee over at Red Herring.
Seattle-based Grays Harbor is looking at seven off shore US sites where both wind and wave facilities could be set up. The projects would be in waters off California, Hawaii, Massachusetts, New Jersey, New York, and Rhode Island. According to Red Herring, Grays Harbor President Burt Hamner said that the average offshore wind farm would cost $4 million per megawatt. That adds up to to at least $28 billion to construct everything Grays has planned – 1,000 megawatts of wind power and 100 megawatts of wave power for each of the seven sites.
The company expects to raise most of the money from private investors.
Photo courtesy of iStockphoto, Clint Hild
July 3rd, 2009 at 11:38 am
This is a pipe dream. I work for the local electric utility and know that the transmission lines do not have the capability. Plus it will cost exponentially more to run submerged lines to the turbines and it will cost the local pud more money because they will have to follow different NERC and FERC regulations.
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