Develop. agreement with Deepwater Wind finalized

The Quonset Development Corp. board of directors approved a development agreement/lease option with Deepwater Wind for 117 acres at its board meeting on June 29. Deepwater plans to use Quonset as a base for manufacturing, assembly and launching of wind turbines. The project, which is expected to create 600-800 new jobs, marks an investment in the emerging energy industry at the Quonset Business Park. The 10 year lease for $20.7 million also includes options for an additional 10 years.