NEW YORK (Reuters) - New Jersey utility regulators picked a joint venture between a Public Service Enterprise Group Inc subsidiary and Deepwater Wind to develop a $1 billion, 350-megawatt offshore wind farm, the state and companies said Friday.
This is a second win for Deepwater over the last 10 days. Last week, Rhode Island selected Deepwater to develop a $1 billion wind farm off its coast.
Garden State Offshore Energy, the venture, proposed to build 96 wind turbines 16 to 20 miles off the coast of Cape May and Atlantic counties in South Jersey, a distance that should be barely visible from the shore, the companies said.
The project could power about 125,000 homes and generate electricity at market rates, according to the state Board of Public Utilities.
Monday, October 06, 2008
Deepwater On A Roll
Deepwater wind is winning contracts.