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Stock impact report

Big offshore wind project proposed for New York as other sites are evaluated in 3 states [Yahoo! Finance Canada]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
A large offshore wind farm is being proposed in the waters off New York as federal agencies are pressing ahead with reviews of seven other ocean sites. Community Offshore Wind, a partnership between Essen, Germany-based RWE and New York-based National Grid, on Friday proposed a wind farm that would generate 2.8 gigawatts of electricity, or enough to power 1 million homes. The company also has an active proposal to build a separate project in New Jersey off the coast of Long Beach Island. It says its New York project is the largest offshore wind project ever proposed to New York regulators, although it did not say approximately how many wind turbines it might build there. “New York and New Jersey are both pursuing some of the most ambitious clean energy goals in the country, and offshore wind will be critical to each state's success,” said Dan Sieger, the company's head of development. He said the project would be built 64 miles (100 kilometers) off the New York coast and 37 m Show less Read more
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