Following up on a deal last identified in our May 19, 2009 edition, Deepwater Wind Rhode Island LLC has signed a 10-year, $20.7 million agreement to lease 117 acres of land at the Quonset Business Park for use as its regional manufacturing headquarters and local development office.

The Quonset Development Corporation Board of Directors has approved the deal which includes a 10 year renewal option. Deepwater has been chosen to build Rhode Island’s first two offshore wind farms; a small facility off Block Island and a utility-scale facility in Rhode Island Sound. Deepwater has also received exploratory licenses for projects in waters off New Jersey. (Source: July 3, 2009)

Contact: Paul Rich, Development Officer, DeepWater Wind, (401) 274-2000, info@dwwind.com, www.dwwind.com; Jack Sprengel, Director of Operations, Quonset Development Corporation, (401) 295-0044 ext. 216 jsprengel@qdcri.com, http://qdcri.com