Tag Archives: Cape Wind

Billions for Cape Wind

Wind, wind, blow away the NIMBYs.

David Richardson
wrote for Grist today,

Cape Wind wins billions in backing, launches offshore wind in the U.S.



What do you do when local opposition to an offshore wind farm
project dries up, when the NIMBY crowd runs out of steam, when the
federal government gives the green light and extends every permit
and courtesy the law will allow, when the technology is tested and
proven, and there’s nothing left to do but build it? Well, then you
go looking for money — lots of it. After more than a decade of
preparation, the Massachusetts wind energy company Cape Wind has
done just that — and the results are looking promising.

A $2 billion agreement with Bank of Tokyo-Mitsubishi UFJ penned last
week catapults Cape Wind to a commanding lead in the race to be the
first offshore wind project in the U.S. When complete, 130 turbines
in Nantucket Sound will generate 468 megawatts of electricity,
enough to power 100,000 to 200,000 households in the Cape Cod
region, depending on the season. If the company can get construction
started this year, Cape Wind’s clean power could begin turning on
lights from Buzzards Bay to Provincetown by 2015.

There’s more in
the article.

-jsq