ATLANTIC CITY, NJ – When Fishermen’s Energy goes before the US Department of Energy (DOE) in April to present its proposal for a $46.7 million grant, it will be “shovel ready,” as the saying goes. Unlike other demonstration-scale wind farms proposed in state waters, the company’s Atlantic City wind farm project has all required state and federal permits in hand.
The DOE has designated a total of $150 million in grants to be awarded to three competing wind energy companies that demonstrate their projects can produce inexpensive electricity by the mid-2030s.
Fishermen’s Energy and six others, including the Maine Aqua Ventus I team (see CFN March 2014), each received $4 million design grants from DOE to help spur the development of innovative, cheap, offshore wind energy.
Fishermen’s Energy was founded in 2007 by a half-dozen commercial fishing company partners from New Jersey who decided that if ocean wind power was to be harnessed, the task should go to fishermen who were best qualified and most committed to the sea and fishing…
Read the rest and much, much more in the April issue of Commercial Fisheries News.
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