The cost of using the Indian River Inlet to generate electricity is only about $1.100 to $!,400 per Kw/h/. this is much cheaper than off shore wind. Delaware needs to embrace this technology.
At this cost the company can sell the energy they produce on the open market. Old Dominion Electric provides Delaware Electric Coop. and is willing to buy all the electric generated by the Indian River Inlet project. At the current wholesale rate of about $ .05 per Kw, UEK Delaware would be able to show th…
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Posted on July 27, 2008 at 4:30pm —