Deepwater Wind to Invest $250 million in RI to Build Offshore Wind Farm

NEC Member Deepwater Wind recently announced that it will invest $250 million in Rhode Island and use a local workforce of more than 800 to build a utility-scale offshore wind farm that will meet the electric needs of 200,000 households in the state.

The investment will include $40 million in improvements to the Port of Providence, the port facilities in the Quonset Business Park in North Kingstown, and potentially one or more other ports in Rhode Island, where Deepwater Wind is staging the construction of the 400-megawatt project that is being called Revolution Wind.

Deepwater Wind CEO Jeffrey Grybowski explained that when the company first made its pitch in 2008, it promised that, “if Rhode Island took on the risk of going first – and the higher price of power that came from the 30-megawatt demonstration project — then it would be in pole position to become a construction hub for the nascent industry.”  He added, “It was just about a decade ago that we talked about building offshore wind at a big scale and at a low cost, and creating a lot of jobs while doing that, we are keeping that promise today.”

The New England Council commends Deepwater Wind’s dedication to the state of Rhode Island and its efforts to provide a more diversified energy supply. Read more in The Providence Journal and on Deepwater Wind’s Website.

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