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Lack of permits is costly for Cape Wind; Developer to miss out on 30% grant
November 20, 2010 by Beth Daley in Boston Globe
November 20, 2010 by Beth Daley in Boston Globe
The developers of the proposed Nantucket Sound wind farm said yesterday that they would not meet a deadline to qualify for a 30 percent federal cash grant for the project.
However, it is not clear if the cost of Cape Wind's electricity will rise, because the project could receive numerous other federal financial incentives.
Also filed under [
Tax Breaks & Subsidies]
On Monday afternoon the Advisory Council on Historic Preservation (a Federal agency established in 1966) held a four-hour public meeting at the Tilden Arts Center at Cape Cod Community College to collect comment on what the adverse effects of the wind farm would on historic cultural properties, possibly including the sound itself might be. They'll issue their comments to Secretary of the Interior Ken Salazar prior to April 14, and after that he'll determine whether the Minerals Management Service will issue the project a permit for development in Federal waters.
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General]