Google to Invest in $5 Billion Underwater Transmission Grid Off Atlantic Seaboard
On October 12, 2010, the New York Times published an article highlighting Google’s decision to invest in a 350 mile underwater transmission grid along the Atlantic seaboard from New Jersey to Norfolk, VA in an effort to spur investment and remove development obstacles. The transmission grid has a capacity equal to the output of five large nuclear reactors.
The potential problems still to face are administrative hurdles. A professor quoted in the article from the School of Marine Science and Policy at the University of Delaware points out the federal subsidy program for wind is expected to expire in 2012, which is likely before the Interior Department issues permits for the proposed transmission line. Nonetheless energy experts, environmentalists and investors alike see this as a positive step in kick-starting the offshore wind industry.
The full article can be found here.