Fishermen's pins hopes on DOE

Fishermen’s Energy is hopeful that if the US Energy Department in May approves a $46.6m grant for its 25MW pilot offshore wind project, state regulators will qualify it for ratepayer subsidies the following month.

“In a way we are reliant on DOE. They are really vital to this project. It would be hard to replace that money,” Fishermen’s chief executive Chris Wissemann said on a conference call.

The five turbine array, which would be sited in state waters in the Atlantic Ocean 4.5km off Atlantic City, is one of seven offshore wind project awarded $4m each by DOE in 2012 under its Advanced Technology Demonstration Program.  Statoil has since withdrawn its Hywind project from Maine.

On 15 May, DOE is due to select up to three proposals Log in to read complete article.

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