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Original project costs were bid by FPL Energy to cost around $356 million, however, new estimates released in August 2007 estimate that the project could cost $811 million. To put this in perspective, the PACE study (see links below) finds that the cost of a Long Island-based combined cycle natural gas-fired plant is aproximatley $137 per MWh, while the cost of offshore wind would be around $291 per MWh. Cost considerations have prompted LIPA Chairman Kevin Law to terminate the project. MMS-Main project permitting entity Assessment of Offshore Wind Power Resources (Pace Study, pdf) Simulated View from Jones Beach: (Source: LIPA)(*Link may be non-functional) Bidder has new interest in Long Island wind farm- September 14, 2007* Long Island offshore wind farm scuttled; Cape Wind predicted this outcome 4 years ago- September 8, 2007 LIPA Releases Pace Study on Offshore Wind Project Costs- August 23, 2007 LIPA/FPL Energy submit application for offshore wind project to U.S. Army Corps of Engineers- April 26, 2005 LIPA/NYSERDA Study Shows Offshore Wind Generation Has Significant Potential for Long Island - April 22, 2002
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Last Updated:
September 23, 2008
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