With no prospect of federal support in sight and no domestic or European buyer willing to assume future costs, Delaware’s offshore wind energy project is officially dead.

The (Wilmington) News-Journal reported today that NRG Energy terminated its landmark offshore wind power contract with Delmarva Power on Tuesday.

“The
hard-won 2008 power purchase agreement, the first for offshore wind in
the United States, was considered an essential ingredient in building a
wind farm off the coast of Delaware. Tuesday was the final day under the
contract for Bluewater to exercise an escape clause without forfeiting a
$4 million security deposit.

“Officials
at NRG, which purchased Bluewater in 2009, notified Delmarva’s parent
company, Pepco Holdings Inc., of the termination Tuesday afternoon, said
Matt Likovich, a Delmarva spokesman. Delmarva reported it accepted the
termination.”

See the full story here
 
Related:
Delmarva Power to credit Del. customers $2M
Delaware offshore wind farm proposal abandoned
Bluewater: What went wrong?
New Jersey Developer Says It’s Giving Up on Offshore Wind
Editorial: Offshore wind farms still have Delaware potential  
NRG Energy dumps N.J. offshore wind farm plan

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