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 state’s Public Utilities Commission will be brought up to speed today on the status of the Block Island wind farm project. As Rhode Island Public Radio’s environmental reporter Ambar Espinoza reports, Deepwater Wind and others will offer those updates.
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.
Local tradesmen and women will build some of the foundation parts of the Block Island ocean wind farm, which is slated for construction next year. This is the first round local jobs Deepwater Wind expects to create from the project.
The Rhode Island Department of Environmental Management has granted Deepwater Wind its first set of major permit approvals for the Block Island Wind Farm. This marks a significant milestone for the project.
The DEM has deemed the wind farm and underwater transmission cable in compliance with state and federal water quality regulations. So it issued the company Water Quality Certificates. The DEM also issued a Freshwater Wetland permit for certain onshore construction activities.