WAMU 88.5 : Morning Edition

Offshore Wind Company Pulls Out Of Delaware Project

Play associated audio
The developer of a proposed offshore wind farm that would have been a first for Delaware is expected to pull out of the project before the end of the year.
Phil Hollman: http://www.flickr.com/photos/pjh/185488397/
The developer of a proposed offshore wind farm that would have been a first for Delaware is expected to pull out of the project before the end of the year.

The company spearheading the effort to install a 200-megawatt wind turbine 13 miles off the coast of Rehoboth Beach in Delaware has announced that it is pulling out of a vital power purchasing agreement.

But even though NRG Bluewater Wind, a publicly traded energy company, is terminating the agreement with Delmarva Power, its president, Peter Mandelstam, says that doesn't mean the project is dead in the water. 

"We've been in substantial discussions with parties to buy all of the assets of NRG Bluewater Wind so we can continue to move this project forward," Mandelstam says.

The company is looking to Europe to find an investor to save the project, but it's running short on time, as it needs to find someone by Dec. 23. That's the deadline for when NRG Bluewater Wind needs to inform Delmarva Power it's pulling out of the deal.

Mandelstam says elimination of federal loan guarantees and uncertainty surrounding tax credits made the time line for the completion of the project too uncertain for NRG to continue their involvement.

The news rippled into Maryland, as proponents of offshore wind were quick to encourage legislators that the NRG announcement is just one more reason for them to approve Gov. Martin O'Malley's (D) offshore wind bill in 2012.  Advocates say the bill would put Maryland near the front of the pack in the race to make offshore wind a reality.

NPR

Undead Hipsters And An Abstract Alien Star In Two Arty Horror Pics

Every so often an arthouse director dips a toe into the horror genre and you realize vampires and space aliens are subjects too rich to be the property of schlockmeisters, says critic David Edelstein.
NPR

Hunting For The Tastiest Egg: Duck, Goose, Chicken Or Quail?

We hard-boiled them. We donned blindfolds. And we chowed down. In our eggsperiment, can you guess which bird prevailed in the ultimate showdown of duck vs. chicken?
NPR

Why Scott Walker Is Looking Beyond His Fan Base

Governors in both parties routinely run for re-election while keeping coy about the White House. But there's no question what's on the Wisconsin governor's mind, long term.
NPR

Should College Dropouts Be Honored By Their Alma Maters?

From a Top Gun sequel starring drones to Howard University's pick of Puff Daddy as its commencement speaker, the Barbershop guys weigh in on the week's news.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.