The stakes are big. Dong, Statoil, Deepwater and other companies secured a total of 11 leases to build offshore wind farms. To move forward, developers will need permits from multiple agencies and, in some instances, federal grants to refurbish ports. For instance, Deepwater’s 30-megawatt wind farm off Rhode Island benefited from a $22.3 million U.S. Transportation Department grant to upgrade piers and terminals for use as a staging area.
And the Pinocchio award goes to the following sentence in the article:
"Costs are falling dramatically."