in News Departments > New & Noteworthy
print the content item

NRG Bluewater Wind has officially terminated its power purchase agreement with Delmarva Power & Light for a 200 MW offshore wind project off the coast of Delaware.

The company announced earlier this month that it would likely halt development of the project if an investment partner was not found by Dec. 23.

"We've continued to hold discussions with several potential buyers and investors but haven’t yet concluded a deal," says NRG Bluewater spokesperson David Gaier. "As a result, we notified Delmarva Power & Light that we're terminating the 200 MW power purchase agreement, effective at year-end."

Gaier says the company will continue to maintain its offshore wind assets and will work with the Bureau of Ocean Energy Management on a lease for the offshore project, as well as continue to seek a buyer.





Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965