Page 8: of Maritime Reporter Magazine (October 2011)

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NEWSBY THE NUMBERSProposed Long Island Offshore Wind Project The winds of change are blowing on the U.S. East Coast, in fact they are blowing right in the back yard of Maritime Reporter & Engineering News . Last month the Long Island?New York City Off- shore Wind Collaborative, consisting of Consolidated Edison Company of New York (Con Edi- son), the Long Island Power Authority (LIPA), and the New York Power Authority (NYPA) filed a lease application with the U.S. Bureau of Ocean Energy Management, Regulation and Enforce- ment (BOEMRE). This application furthers Governor Andrew Cuomo?s clean energy agenda, as earlier in 2011 the Governor announced awards under New York's Renewable Portfolio Standard program, providing contracts valued at $191m to 17 renewable energy projects statewide. It is ex- pected that approximately $1.85 billion will be awarded to additional renewable energy projects over the next four years to meet the state's goal to meet 30% of the state's electricity demand with renewable resources by 2015. The Collaborative also issued a study ( http://www.linycoff- shorewind.com/econstudy.html ) showing the proposed wind farm would have a significant im- pact not only to the energy and environment, but also employment in the region, as the numbers below show. While traditionally the U.S. has struggled to bring these projects from concept board to reality, it appears there is a significant shift in sentiment, particularly as the enabling technolo- gies designed to safely and efficiently install and maintain these offshore wind farms continues to drive costs down. In the meantime, we will continue to monitor this and isimilar projects around the world as they progress from planning to execution, helping to open a new business segment for the commercial marine market. 13 to 17Distance in miles the wind farm would sit offshore 85 to 170Estimated number of permanent jobs the offshore wind project would create 350 to 700Amount in MegaWatts of the proposed Offshore Wind Farm off of Long Island, NY 2300 to 4700Estimated number of construction jobs the offshore wind project would create 2.7 to 4.7BProposed cost ($) of a new Offshore Wind Farm off of Long Island, NY(Photo: Greg Trauthwein) MR Oct.11 # 1 (1-9):MR Template 10/7/2011 2:51 PM Page 8

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.