A group of prominent U.S. investors, including Google, is expected to announce today that it is moving forward with construction on the first leg of an ambitious $5 billion undersea transmission line that will connect future offshore wind farms along the mid-Atlantic coast, a project they say will avert the regulatory hurdles required in connecting each
The pace of wind energy development on public lands is picking up. Interior Ken Salazar announced this week that the Department has reached its goal of authorizing 10,000 megawatts of renewable power on public lands with the approval of the Chokecherry and Sierra Madre Wind Energy Project site as suitable for wind energy development. The Project is
The Obama administration unveiled a series of initiatives to upgrade the nation’s electric grid, including $250 million in loans for so-called smart grid projects in rural areas and steps to secure the grid against cyber attacks.
The strategy also calls on state and federal
In Colorado, hedge fund billionaire Louis Moore Bacon is fighting a new transmission line proposed by two utilities: shareholder-owned Xcel Energy, and Tri-State Generation and Transmission Association, a wholesale electricity supplier.
Bacon, the founder of Moore Capital Management LLC and owner of the