NRG Energy officially ends offshore contract with Delmarva Power amid financing problems, lack of buyer; Bluewater wind farm off Delaware coast now highly unlikely

WILMINGTON, Delaware , December 28, 2011 () – New Jersey-based NRG Energy has officially ended its offshore wind power contract with Delmarva Power, making the possibility of a wind farm off the coast of Delaware extremely unlikely in the near future.

NRG Energy, the parent company of the wind project developer Bluewater Wind, ended the contract Tuesday. NRG Energy had said earlier this month that it planned to terminate the contract if a buyer for Bluewater did not come forward because of problems gaining financing for the project.

The contract between Delmarva Power and Bluewater was signed in 2008. It was considered an essential ingredient in building the proposed wind farm, which would have put 49 to 150 turbines about 13 miles off the Delaware coast.

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