Dominion gets DOE grant to lower offshore wind costs
Sep 19, 2011 - US energy producer and transporter Dominion Resources Inc (NYSE:D) said Monday it had secured a USD-500,000 (EUR 367,000) grant from the US Department of Energy (DOE) to find a way to lower the cost of offshore wind power by at least 25%.
The company will try to optimise the hypothetical design of a 600-MW offshore wind farm at a variety of locations on the US Atlantic coastline. It aims to reduce the cost by at least 25% through innovations in turbine, foundation, installation and electrical infrastructure.
DOE's National Renewable Energy Laboratory, French heavy engineering group Alstom (EPA:ALO) and a number of other sector organisations will support Dominion's efforts.
This month, the DOE awarded USD 43 million in grants to 41 projects in 20 states, seeking to accelerate technical innovations, trim costs and shorten the timeline for deploying offshore wind power installations.
To date, Dominion has a generation capacity of 28,200 MW and 11,000 miles (17,700 km) of natural gas transmission.