DOE chooses 3 offshore wind projects for additional funding, drops others

Fishermen's Energy LLC's Atlantic City Windfarm, planned off the coast of New Jersey; Lake Erie Energy Development's Icebreaker project, proposed off Cleveland in Lake Erie; and the University of Maine, Emera Inc. and Cianbro Cos.' planned offshore Maine Aqua Ventus I pilot proje...

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Bibliographic Details
Published inSNL Energy Finance Daily
Main Author Bandyk, Matthew
Format Newsletter
LanguageEnglish
Published Charlottesville SNL Financial LC 30.05.2016
Subjects
Electric utilities
Energy
Funding
Offshore
Regulatory approval
United States > US
Maine
Virginia
New Jersey
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Summary:Fishermen's Energy LLC's Atlantic City Windfarm, planned off the coast of New Jersey; Lake Erie Energy Development's Icebreaker project, proposed off Cleveland in Lake Erie; and the University of Maine, Emera Inc. and Cianbro Cos.' planned offshore Maine Aqua Ventus I pilot project, off Monhegan Island, Maine, have all shown enough progress toward successful completion that they will be eligible for the $40 million in the future after they hit more milestones, "subject to congressional appropriations and progress reviews," the DOE said on its website.