Maryland regulators OK nation's largest offshore wind plan

Maryland regulators OK nation's largest offshore wind plan

Maryland regulators OK nation's largest offshore wind plan

Looking at the economic benefits of just these two Maryland projects makes it clear why leaders on both sides of the aisle recognize the value of offshore wind energy.

The partnership of the two companies is expected to bring extensive wind expertise and substantial financial firepower to the Commonwealth's initiative to build offshore wind projects in MA.

On land, the electricity is then converted at a transformer substation to a higher voltage and conveyed by cable to Oude Schild, where it joins the national grid.

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Michael James, who chairs Ocean City's economic-development committee, said business owners and residents will push to ensure that the turbines are as small and as far away from the shoreline as possible. The companies must use port facilities in the greater Baltimore region and Ocean City for construction and operations and maintenance (O&M) activities, and invest at least a combined Dollars 76 million in a local steel fabrication plant, while also financing not less than USD 39.6 million to support port upgrades at the Tradepoint Atlantic.

The companies must notify the commission by 25 May 2017 whether they accept the conditions of approval contained in the order.

Offshore wind development has already made important progress in Rhode Island and NY, while Maryland joins MA as states developing their offshore resources under Republican governors.

Three companies to date have acquired lease rights to build projects off the coast, including Vineyard Wind.

Deepwater Wind operates the first offshore wind project in the US, the 30-MW Block Island project off Rhode Island that began operations in December. U.S. Wind, headquartered in Boston, is a subsdiary of Italy's Toto Holding. The credits, a financing method that allows project costs to be passed onto consumers, are predicted to cost $1.40 a month for residential customers and were enabled by. -Mike Tidwell, director of the Chesapeake Climate Action Network. Capable of producing 2.6 TWh of sustainable energy every year, The Gemini Offshore Wind Park could help in reducing the carbon dioxide emissions of the Netherlands by 1.25 million tons.

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