Virginia offshore wind

Rollercoaster Policy Threatens US Wind Energy’s Record-Setting Pace

America’s wind energy industry may be coming off a record-setting 2012 but could potentially soar even higher – if federal policy uncertainty is resolved in time to help overcome the natural gas boom and fast-closing state renewable energy targets.

This outlook from the US Department of Energy’s “2012 Wind Technologies Market Report,” underlines how important stable government policy is to growing a clean energy economy and reveals the economic potential of a future powered by wind energy.

Deepwater Wind Wins America’s First Offshore Wind Competitive Lease Sale

Deepwater Wind has won the Interior Department’s first-ever competitive offshore wind lease auction, totaling 164,750 acres near Rhode Island and Massachusetts.

Deepwater’s $3.8 million bid wins it the right to build the Deepwater Wind Energy Center, a 1,000MW utility-scale wind farm with 200 turbines and a regional transmission system linking to New York State and southeastern New England.