Deepwater Wind has secured more than 290 million dollars to build and operate a wind farm off the coast of Block Island. The company plans to begin installing turbines this summer. Deepwater is, so far, the only offshore wind company in the country to get full financing for an offshore wind farm.
Two banks have financed Deepwater Wind’s offshore wind farm: a bank in France and Ohio-based KeyBank.
Deer-hunting on a state-owned parcel of land on Block Island opens today. Brian Tefft, a wildlife biologist with the Department of Environmental Management, said the deer hunting season has been underway on the island since early October, but…
“This is a special lottery-only hunt for one parcel of state land located on Block Island in an effort to assist the town with the reduction of deer on the island,” Tefft said.
Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.
This week, news director Catherine Welch and Mark talk with managing director of the Quonset Development Corp, Steven King. They talk about the future growth of Electric Boat, new companies moving into the business park, and the role of the Quonset state airport.
When to Listen
You can hear The Bottom Line each Friday at 5:50pm.
The Block Island offshore wind farm will produce more power than originally expected, said Deepwater Wind CEO Jeff Grybowski at an open meeting before the state's Public Utilities Commission. The company expected the wind farm to produce 40 percent of its total maximum power. But since the company proposed the project, advances in turbine technology have bumped up the wind farm’s projected efficiency.
The annual deer hunting season is gearing up on Block Island. Rhode Island Public Radio’s environmental reporter Ambar Espinoza tells us, the hunt on the Black Rock/Rodman Hollow parcel of land opens on Jan. 20.
The Department of Environmental Management’s Division of Fish and Wildlife will set up a deer checking station at the Block Island Police Station in preparation for next week. The hunting season opens Jan. 20 and lasts until Feb. 13. This deer checking station will be open on certain days during the season to check deer taken by hunters.
More approvals rolled in this week for the five-turbine wind farm Deepwater Wind. And the company says it has secured the last of its permits for the offshore wind farm planned for three miles off the coast of Block Island. Construction is set to start next year.
The Coastal Resources Management Council has approved the lease agreement for the underwater land on which the wind farm will sit. The lease took effect earlier this month and will be valid for 25 years from the wind farm’s start date.
Federal regulators have cleared the way for a transmission cable linking Block Island to Rhode Island’s mainland. It's big step forward for Deepwater Wind’s offshore wind farm.
The decision for the “right-of-way grant” marks a major milestone – not just for the Block Island Wind Farm project itself – but also for offshore renewable energy in the United States. The cable, which would cross federal waters, would do two things: connect Block Island to the ocean wind farm 3 miles off the island’s coast, and transmit energy between the mainland and the island.