Republican governor Donald Carcieri touted the project’s potential to bring “green collar” jobs to the state and position it as a leader in an emerging clean energy technology.

Part of the deal includes a provision that Deepwater Wind build a $1.5 billion-dollar manufacturing plant in Rhode Island that promises 800 jobs at a combined annual salary of $60 million.

While wind power produces only 1% of US electricity today, some estimate it could produce as much as 20% by 2030.

Rhode Island is among the states to have set a renewable energy mandate that 20% of electricity come from renewable sources by 2020. Barack Obama’s energy plan includes a mandate that utilities generate 25% of electricity from renewable sources by 2025.

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