abstract:Atlantic Wind Connection (AWC) is an electrical transmission backbone proposed by Trans-Elect Development Company that could be constructed starting in 2013 off the East Coast of the United States to service off-shore wind farms. Google Energy, the investment firm Good Energies, and Japanese trading firm Marubeni are investing "tens of millions of dollars" in the initial development stage of what could become a $5 billion project.
On Friday, the Federal Energy Regulatory Commission said the AtlanticWindConnection, a consortium of investors supporting the project, could earn a 12.59% profit on the investment.
The AtlanticWindConnection would take place over at least 10 years and would have the potential of delivering 7, 000 megawatts of wind energy to states along the East Coast, some of which have set renewable portfolio standards.