The company's major investors include First Wind, a developer of land-based wind projects in the United States; D.E. Shaw & Co., a capital investment firm with energy sector experience; Ospraie Management, an asset management firm interested in alternative energy markets.
Block Island Wind Farm
The concept was envisioned in a plan offered by then Rhode Island Governor Donald L. Carcieri (Republican) in 2006. The aim of the Carcieri plan was to develop large-scale offshore wind projects in the south-eastern New England region of the United States, and in the State of Rhode Island, in a bid to diversify Rhode Island's power supply with renewable energy sources. In June 2007, the Rhode Island Office of Energy Resources determined ten sites in the region of ocean within the boundaries of Rhode Island and Providence Plantations.
On September 25, 2008, Governor Carcieri announced that Deepwater Wind was chosen as the successful developer to construct both a test site and the finalized plan for the wind power project - the Block Island Wind Farm - off New Shoreham. The ocean facility is planned to provide 1.3 million megawatt hours per year of renewable energy at its completion — 15 percent of all electricity used in the state.
- Rhode Island Governor Carcieri Names Deepwater Wind as Developer for Rhode Island's Off-Shore Wind Farm
- Rhode Island Chooses Deepwater Wind to Build Off-Shore Wind Farm
- Turkel, Tux (January 3, 2010). "Offshore wind power: Can Maine afford it?". Portland Press Herald. Retrieved 2010-01-08.[dead link]