PVRE’s proposed 1,100 Megawatt offshore wind farm will be the first wind power project to offer to join the exciting transmission opportunity of the AWC Grid, which needs wind farm developers’ participation.
The Google backed AWC smart grid project removes a major cost barrier to scaling up PVRE’s ambitious Atlantic offshore wind energy plans by enabling PVRE’s planned wind farm to be built for less.
PVRE’s wind turbines project would be the largest offshore wind farm in America to date — the size of a nuclear power plant — and generate approximately $500 million per year clean wind energy, enough to power 300,000 New Jersey homes and much of Google’s data center needs.
New Jersey currently suffers high priced electricity, averaging 15 cents/kWh. This wind power project could help ultimately lower power costs to consumers and reduce blackouts.
PVRE plans to use proprietary Accelerated Wind technology, which promises to dramatically lower offshore wind production costs from 12-14 cents/kWh to projected life-cycle costs of 5-8 cents/kWh, making offshore wind power cheaper than fossil fuels and thus helping achieve Google’s objective of lowering renewable energy costs.