R.I. looking to lead on offshore wind energy

  • FILE - In this Monday, Aug. 15, 2016 file photo, three of Deepwater Wind's turbines stand in the water off Block Island, R.I. The state approved tax credits on Monday, Aug. 26, 2019, to lure Boston Energy, a third major offshore wind company, to the state. Rhode Island Gov. Gina Raimondo announced in June 2019 that British wind turbine maintenance company, GEV, will locate its U.S. headquarters in the state. The Danish offshore wind company Orsted operates Deepwater Wind. (AP... Michael Dwyer

Associated Press
Published: 9/1/2019 5:45:47 PM

Rhode Island approved tax credits Monday to lure a third major offshore wind company to the state as part of an effort to become a hub for the industry.

The first U.S. offshore wind farm began operating off Block Island, Rhode Island, in late 2016, and Democratic Gov. Gina Raimondo wants to the industry to grow in the state.

The Rhode Island Commerce Corp. approved nearly $900,000 in tax credits over 10 years for Boston Energy, which plans to open its U.S. headquarters in Providence. The British company must maintain at least 52 full-time jobs in the state for at least 12 years.

Raimondo said Tuesday that the development is “further proof that we’re well-positioned to be the hub for this growing industry.”

Raimondo announced in June that another British wind turbine maintenance company, GEV Wind Power, will locate its U.S. headquarters in Rhode Island and create about 125 jobs.

The Danish offshore wind company Orsted bought Providence-based Deepwater Wind last year. Its major U.S. hubs are Providence and Boston. Deepwater Wind is the developer that opened the wind farm off Block Island.

It’s a “recent trend” for global offshore wind companies to be opening headquarters in Rhode Island, state Commerce Secretary Stefan Pryor said Tuesday, and the state should continue offering tax credits and incentives, promoting ocean science expertise at local universities, and being proactive on renewable energy.

Rhode Island is also home to several smaller companies that supply offshore wind products and services.

Please support the Monitor's coverage

Help us fund local COVID-19 reporting in our community.


Support Local Journalism

Subscribe to the Concord Monitor, recently named the best paper of its size in New England.

Concord Monitor Office

1 Monitor Drive
Concord,NH 03301


© 2019 Concord Monitor
Terms & Conditions - Privacy Policy