Despite troubles, Delaware wind project moves forward
Tuesday, February 10th, 2009
Is Delaware's proposed wind farm losing steam? Bluewater Wind, the company planning to build a wind farm off the Delaware coast, says it's optimistic it will find the investors it needs to continue the project. WHYY's Bill Cook has more.
Listen:
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Transcript:
Babcock & Brown, the Australia-based firm that owns Bluewater, has announced it is seeking a controlled breakup and liquidation. Bluewater and Delmarva Power signed an estimated $800 million agreement in June that would support construction of the wind turbines. According to Bridget Shelton of Delmarva Power, the deal is still on.
Shelton: "Yes, from our perspective this is really a non-issue. Bluewater Wind has met all of the contractual obligations to date and so long as they continue to meet those obligations this project moves forward."
