Developer’s Challenges in Financing Floating Turbines - Peter Mandelstam & Steven Geiger
UMaine Composites Center UMaine Composites Center
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 Published On Dec 11, 2015

Peter founded Arcadia Windpower in 1997. Arcadia developed Montana’s first wind project. That 135 MegaWatt (MW) wind park has been operating since 2005.
Peter was the founder, owner, and president of Bluewater Wind from 2001 to 2011. He led Bluewater Wind as a dedicated offshore wind developer to several notable accomplishments including: securing the first offshore wind Power Purchase Agreement in the United States (US) and the first Determination of No Competitive Interest for ocean use off the coast of Delaware. Peter led the deal team that led the investment in Bluewater by Babcock & Brown in 2007, and the subsequent acquisition of Bluewater by NRG Energy Inc. in 2009.
Peter served for 13 years on the Board of American Wind Energy Association (AWEA) and chaired AWEA’s Offshore Group for 7 years. He co-founded and chaired Wind Power New York and its successor, the Alliance for Clean Energy New York for 12 years, which lead the successful effort to secure a 3,400 MW Renewable Portfolio Standard (RPS) in New York State. As a result of the RPS, New York currently has over 1,000 MW.

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