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  • Featured Analysis
  • Expensive Offshore Wind Energy Is Being Forced Onto Consumers

  • August 25, 2016

  • Despite its cost, offshore wind is being forced on American consumers in the Northeast. The first offshore wind farm off the coast of Block Island, Rhode Island, will begin operating later this fall. The cost of the 30-megawatt wind farm is $300 million--$10,000 a kilowatt—and over 10 times more than the cost of a new combined cycle unit. Further, it is 58 percent more costly than what the Energy Information Administration (EIA) expects a first-of-a-kind offshore wind unit to cost--$6,331 per kilowatt.[i] One migh...
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Despite its cost, offshore wind is being forced on American consumers in the Northeast. The first offshore wind farm off the coast of Block Island, Rhode Island, will begin operating later this fall. The cost of the 30-megawatt wind farm is $300 million--$10,000 a kilowatt—and over 10 times more than the cost of a new combined cycle unit. Further, it is 58 percent more costly than what the Energy Information Administration (EIA) expects a first-of-a-kind offshore wind unit to cost--$6,331 per kilowatt.[i] One migh... Read More
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