Tag Archives: $10 billion to build
California’s trillion dollars floating wind fantasy
California has adopted a target of 25,000 MW of floating offshore wind generation capacity. Of course, the cost is never mentioned, so here is a rough estimate to get the ball rolling. The estimate begins with the huge Dominion Energy (DOM) fixed wind project currently under construction off of Virginia. Because the regulated utility DOM is its own developer, we get some public numbers, so here is a crude derivation. Big numbers are rounded for simplicity and ease of memory. A. DOM says the 2,600 MW facility will cost $10 billion to build, which is about $4 billion/GW. But financing and profit bump that to $20 billion or $8 billion/GW, which is called the “revenue requirement” or what rate payers will pay. We will use that number. more, >>CLICK TO READ<< 09:19
