This Section 238 research lease application proposes four Outer Continental Shelf (OCS) sub-blocks to be leased for the siting of two met ocean and environmental monitoring platforms for pre-and post-construction monitoring of wind velocities, water levels, waves, and bird & bat activities within and around Virginia's offshore wind energy area (WEA).
Using updated input assumptions, the report projected wholesale power prices over the period 2014-2038, for scenarios with and without Cape Wind in service, and quantified the expected reduction in wholesale power prices and wholesale electricity costs that would result from the power supplied by the project. The report found that Cape Wind would lead to a reduction in the wholesale cost of power averaging $286 million annually over the years 2014–2038, resulting in an aggregate savings of $7.2 billion over 25 years. If Cape Wind were in service, the price of power in the New England wholesale market is projected to be $1.86/MWh lower on average. Over the combined 16-year period spanning construction and the first 15 years of operations, Cape Wind would create an average estimated net addition of 514 jobs in Massachusetts and 1,119 jobs in New England.
The visual impact assessment was completed as part of the Draft Environmental Impact Statement/Draft Environmental Impact Report (DEIS/DEIR). The analysis determined that there will be "no historic properties affected" for one National Historic Landmark (NHL) property, one historic district, and two individual properties. Findings of "adverse effect" were made for two NHL properties, four historic districts, and 10 individual properties.
The public opinion survey found that support for an offshore wind farm off the Atlantic City shore was almost 30 percentage points higher than a similar question asked in 2006. Sixty-six percent of respondents felt that an offshore wind project would have a positive impact on Atlantic City and the local environment. More than three-quartes of visitors said it would have no effect on whether or not they would visit Atlantic City, and another 19% said the would be more likely to visit the area.
This summary explains the assumptions behind the Independent Consultant's estimate of "rate impact" under the Delmarva (DPL)/Bluewater Wind power purchase agreement (PPA).