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View Diary: President Obama can and must take serious action on climate change with and without Congress (160 comments)

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  •  PTC up in the air: stinks (0+ / 0-)

    The cost to generate I've quoted doesnt include the PTC.

    And thats levelized cost of operation over 20 yrs.

    Deputy Interior Secretary David Hayes called Atlantic Wind a first-of-its-kind project that shows significant industry interest in developing offshore wind power, which has languished despite efforts by the Obama administration to promote it.

    No commercial wind power is produced offshore in the U.S., although the Cape Wind project in Massachusetts could begin producing electricity as soon as 2014.

    "It's the type of project that will spur innovation that will help us stand up a clean-energy economy to power communities up and down the East Coast," Hayes said of Atlantic Wind. Besides Google, other companies involved in the project include the investment firm Good Energies, Japanese industrial conglomerate Marubeni and Maryland-based Trans-Elect Development Co.

    Hayes and other officials have urged Congress to extend a production tax credit for wind energy that expires at the end of the year. Advocates say renewal of the tax credit could save thousands of jobs and bring financial certainty to the wind industry, which has been vulnerable to boom-and-bust cycles.

    AWC may be the biggest project of its kind in the world, it represents a signature first step for US offshore wind.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Mon Nov 19, 2012 at 09:01:09 PM PST

    [ Parent ]

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