What caused Princeton-based NRG Energy to mothball its plans for an energy wind farm off the coast of Delaware? [Big trouble for offshore wind energy project in Delaware]
Federal purse strings, yanked by a Republican-controlled Congress with a contemptuous view of “green” projects played a significant role. But, so too, did an unforeseen economic reversal that slowed the nation’s insatiable appetite for electric power and forced private investors to reexamine the potential payback from costly alternative energy projects.
The News Journal‘s Aaron Nathans provides answers today in: Bluewater: What went wrong?
DFM News reporter John Hurdle poses similar questions in Dissecting what put Delaware’s offshore wind farm plan in peril
Hurdle also questions the effect of the project’s collapse on other leading Atlantic Ocean wind farm projects– Fisherman’s Energy
off New Jersey, the Deepwater Wind project off Block Island, NY, and
Cape Wind off Massachusetts.
Only time will tell, but the future looks gloomy for the U.S. wind industry, as AOL Energy’s Shifra Mincer reports in Wind Industry Nervous As Tax Credit Expiration Date Looms.
Renewable Energy World offers a more sanguine view in US Offshore Wind Project Updates
What’s your take? Tell us in the comment box below. If one is not visible, click on the tiny ‘comments’ line.
Related:
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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