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Babcock & Brown's Bluewater Wind Signs First U.S. Contract for Sale of Offshore Wind Power
CohoctonWindWatch
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6-23-2008 3:45 PM
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industrial wind
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babcock & brown
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wind turbines
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environment
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/65dc4b93-148f-4c91-9151-90466f599c40/0E14694F-61C0-47B8-B950-FD4DA8C87617/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://sev.prnewswire.com/banking-financial-services/20080623/AQM09523062008-1.html" href="http://sev.prnewswire.com/banking-financial-services/20080623/AQM09523062008-1.html" style="font-size: 11px;">sev.prnewswire.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://sev.prnewswire.com/banking-financial-services/20080623/AQM09523062008-1.html"><P>Bluewater Wind Delaware, LLC, a subsidiary of Babcock & Brown, announced today that it has signed a 25-year contract with Delmarva Power to sell the utility up to 200 megawatts of power from an offshore wind farm that will be built 11.5 miles off the coast of Rehoboth Beach in Delaware.</p> <P> "This contract is a significant step toward developing Delaware's first offshore wind farm, which will almost certainly be the first offshore wind farm in the country," said Hunter Armistead, head of Babcock & Brown's North American energy group. "This offshore wind farm will harness the strong winds off the coast of Delaware to bring clean and renewable energy, stable power rates and new jobs to the area."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0E14694F-61C0-47B8-B950-FD4DA8C87617/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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