USA - Offshore Windfarms: Green light for New Yersey Garden State Wind Energy<
New Jersey’s Board of Public Utilities gave a green light to Garden State Wind Offshore Energy, a joint venture between PSEG Renewable Generation and Deepwater Wind, one of several competitors, including BlueWater Wind, Fishermen’s Energy of New Jersey LLC, Occidental Development & Equities LLC, and Environmental Technologies LLC. The $1 Billion project will generate 350 megawatts of power, enough for 125,000 homes, and meet approximately 5% of New Jersey’s needs. The $1 Billion cost for the 350 mw facility is $2.86 per watt for construction, compared to $1.87 for the Atlantic City wind farm, and $6.00 per watt, according to Rebecda Smith in the Wallstreet for Florida Power & Light’s proposed Turkey Point 3 & 4 nuclear plants. The wind farm will be generating energy within four years, and be completed by 2013. The first 1 gw wind farm that T.Boone Pickens Mesa Power, is building in Texas is forecast to cost $2.00 per watt and be operational by 2011.
New Jersey’s wind farm will be historic. It will be the first offshore wind farm in New Jersey, and with the Delmarva Wind Farm that BlueWater Wind is building off Delaware, and the plant that Deepwater Wind is building off of Rhode Island, one of the first three offshore wind farms, possibly the first in the United States.
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