Despite troubles, Delaware wind project moves forward
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.
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:sci20090210wind.mp3]
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.”
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.