Fishermen's Energy, a Cape May, N.J.-based offshore wind energy developer, said April 6 that it has received permits from New Jersey regulators to build a six-turbine, 24-MW wind farm off the Atlantic City coast. Daniel Cohen, president of the firm, says the pilot project “will be the catalyst needed to jump-start” the state's offshore wind industry. A spokeswoman says the firm has received two coastal permits and a water quality certificate and is expecting Clean Water Act approval from the U.S. Army Corps of Engineers in May. Transmission line installation is set to begin in December, with the pilot project
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.