LEEDCOLee County Employment and Economic Development Corporation
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LEEDCo, established by Cuyahoga and Lorain Counties, the City of Cleveland, and NorTech Energy Enterprise, also aimed to promote the development of offshore wind energy along the Ohio coastline of Lake Erie.
The DOE has committed USD4m, under a one-year cooperative agreement, while LEEDCo's private partners have committed USD1m in cost share.
Lorry Wagner, the LEEDCo President, who led the way for a consensus decision by the county stakeholders to split the revenue, said, 'This first-of-a-kind revenue-sharing agreement is historic.
Major organization : The Lake Erie Energy Development Corporation (LEEDCo)
(215) See generally Kiley Kroh, A Fresh(water) Look at Economic Renewal and Job Creation, SCIENCE PROGRESS (July 26, 2011), http://scienceprogress.org/2011/07/a-freshwater-look-at-economic-renewal-and-job-creation/ (noting that LEEDCo has adopted the "start small" approach).
LEEDCo has longer term plans for 1,000 MW of offshore wind energy in the Ohio waters of Lake Erie by 2020.
Under the beginning of the new partnership, financial details of which were not know, GE will provide direct-drive wind turbines and maintenance services to LEEDCo's 20 megawatt offshore wind project in the Ohio waters of Lake Erie.
Middough is honored that LEEDCo chose us to provide engineering services for the substation interconnect on this very important project.
LEEDCo has secured a power purchase agreement for 65 percent of future output.
Brown, who has been advocating the project for a long time, led a May 2012 letter inked by several members of the Ohio Congressional delegation, backing LEEDCo's application for DOE's Advanced Technology Demonstration Program.
LeedCo said Fred Olsen would help develop an installation strategy for the project, which is slated to begin construction in 2017.
LEEDCo is completing the engineering design, securing power purchase agreements and project finance, and developing a local supply chain.