Feds Fund 12 Offshore Wind Turbines

The Obama administration has announced funding for three offshore wind power projects off the New Jersey, Oregon and Virginia coastlines. The administration has pledged up to $47 million for each project to bring a total of 67 megawatts (MW) of green power online.
The price tag for all this green power: a staggering $11.75 million per wind turbine. In terms of energy, the twelve offshore wind turbines will cost $2.1 million per MW. But the high price tag has not deterred the Obama administration from funding the costly wind projects.
“Offshore wind offers a large, untapped energy resource for the United States that can create thousands of manufacturing, construction and supply chain jobs across the country and drive billions of dollars in local economic investment,” said Energy Secretary Ernest Moniz.
According to Windustry, a utility scale wind turbine cost from $1.3 million to $2.2 million per MW. Most “commercial-scale turbines installed today are 2 MW in size and cost roughly $3-$4 million installed.”
The Energy Information Administration (EIA) says that the costs of offshore wind power are still high at $204 per megwatthour (MWh) — compared with the costs of onshore wind power at $80 per MWh.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

US Battery - Solar RE L16XC Renewable Energy Battery

US Battery - Solar RE L16XC Renewable Energy Battery

Our batteries have Xtreme thick plates with (XC Diamond Plate Technology) added to them. They have been designed for hours of heavy discharge each day, followed by a fast recharge during the daylight hours. Very few batteries can take the grueling deep discharge-recharge cycle every day for long periods of time. U.S. Battery has proven time and time again that our solar battery line can stand up to this type of battery torture day in and day out for years to come. When you demand reliable energy storage count on U.S. Battery every time!