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Fishermen's Energy

New Jersey Offshore Wind: Dead or Alive?

Lewis Milford | Posted 09.22.2013 | Green
Lewis Milford

It seems the developer agreement with rate counsel would have the per kilowatt hour costs drop as low as about 18 cents, which is reasonably low for offshore wind. That is with all state and federal subsidies included. The costs will escalate over time. But that low number will surprise many for offshore wind.