DOE announces US$180 million initiative for offshore wind project development

On 1 March 2012, the U.S. Department of Energy (DOE) announced an aggressive, US$180 million initiative under which DOE will financially support the development of up to four wind projects to be located off the U.S. coast or in the Great Lakes. The purpose of the initiative is to accelerate the deployment of breakthrough wind power technologies to help diversify the nation’s energy portfolio and promote economic development. Letters of intent to participate in this competitive solicitation are due on 30 March 2012, and applications are due on 31 May 2012. Awards will be issued by 30 September 2012.

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