Rhode Island Wind Energy Agreement

Though details are somewhat sketchy, Cleantech reports that Deepwater Wind has been selected to develop Rhode Island’s first offshore wind project. Expected to cost over $1 billion and supply 15% of the electricity requirements of the state (1.3 million megawatt-hours), no time scales has been presented for the project.

In addition to the wind project, Deepwater has pledged to invest $1.5 billion to develop a regional manufacturing facility in Rhode Island, creating 800 green tech jobs in the process.