Deepwater, US Wind OK terms
Developers agree to invest $115m in Maryland manufacturing, port facilities
Deepwater Wind and US Wind have agreed to the conditions of the Maryland offshore renewable energy credit awards and are moving forward with their projects.
The developers must collectively invest $115m in manufacturing and port facilities in the Sparrows Point/Tradepoint Atlantic area in the Port of Baltimore.
US Wind is going ahead with plans “to make Maryland the East coast hub of a vibrant new industry,” project development director Paul Rich told reNEWS.
Several steel fabricators are looking to build foundation and tower production and assembly plants to supply the two projects.
The subsidiary of Italian conglomerate Toto Holding Group is working to finalize contracts with supply chain companies, wrap up project financing and complete a construction permit application for a 248MW wind farm off the coast of Ocean City, said Rich.
Marine construction is planned to get underway in 2019 and commercial operation is slated to start in 2020.
Deepwater, meanwhile, proposes to build the 15-turbine 120MW Skipjack project off neighboring Delaware.
“We look forward to delivering a project that all Marylanders will be proud of," said Deepwater CEO Jeff Grybowski.
Offshore construction is expected to start as early as 2021, with the wind farm coming online in 2022.
Image: Developers accept conditions for state offshore wind funding (sxc)