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Offshore wind power project near Coos Bay appears sunk  

Credit:  By Mike Rogoway | The Oregonian/OregonLive | September 08, 2016 | www.oregonlive.com ~~

Plans to build an offshore wind farm in the waters off Coos Bay appear finished.

Principle Power has pulled its request to lease request with the federal Bureau of Ocean Energy Management, according to a filing first noted by the trade publication Recharge.

The project had been in dire straits since last fall, when Oregon utilities said power from the proposed 25-megawatt project would be too expensive for them.

Principle Power won $4 million in federal funding for the project in 2012 and won additional grants in 2014.

Source:  By Mike Rogoway | The Oregonian/OregonLive | September 08, 2016 | www.oregonlive.com

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