Friday, March 18, 2016
Rockefeller Brothers Supported Report: Wind Energy Could Get Cheaper
The offshore wind industry’s efforts to distance itself from Cape Wind continued this week as the University of Delaware released a report showing offshore wind energy in New England would be far less costly under projects that are newer and bigger than Cape Wind.
The report, conducted by the university’s Special Initiative on Offshore Wind, found that prices for electricity purchased from large-scale offshore wind farms could be 33 percent less than previous offshore wind contracts in New England by 2023. That differential could drop to as much as 55 percent by 2029 as the infrastructure to support the industry is developed here. . .