Deepwater Wind is installing the first offshore wind power turbines in Rhode Island, the smallest state in the United States. Equipped with 80 meter-long blades, the five 6-megawatt wind turbines are expected to power homes in Block Island, where electricity bills are the highest in the country. Having received a $290M financial boost last year, Deepwater Wind entered a 20-year Power Purchase Agreement with the National Grid to acquire the power company that supplies power to Rhode Island. The Rhode Island scenario is not an isolated case; by the end…
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