Deepwater Wind, a privately-held US offshore wind energy firm, announced late last week that its plans to build the first US offshore wind farm have taken a major step forward after the company signed a 20-year deal to sell power from the first phase of a Rhode Island project.
Under the terms of the power purchase agreement, which is still to be approved by the Rhode Island Public Utilities Commission, Deepwater will generate and sell power from up to eight turbines producing 28MW to grid operator National Grid at a price of 24.4 cents per kilowatt hour.
The deal provides a major boost to the flagship project, which when completed is expected to supply up to 15 per cent of Rhose Island's electricity needs.

Source: Businessgreen

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