Library filed under Offshore Wind from Massachusetts

Cape Wind mounting comeback

Few share Gordon’s optimism, although no one is willing to say so on the record. His critics say Cape Wind is out of date and out of sync with the times, and faces an uphill battle in the courts and on Beacon Hill. William Koch, the billionaire Osterville homeowner who has funded countless court challenges to the project over the years, is not going away. And Gordon’s patron saint, Deval Patrick, is gone from the governor’s office, replaced by Charlie Baker, who has never been a fan of Cape Wind.
28 Jan 2016

Cape Wind developer Jim Gordon not giving up on project

The president of Cape Wind developer Energy Management Inc. has not given up on the controversial wind farm project in Nantucket Sound. Cape Wind suffered what many saw as a death blow in January when Gordon and his team missed a crucial financing deadline and lost major contracts from utilities Eversource Energy and National Grid as a result, making it nearly impossible to attract the investment needed to start construction
27 Oct 2015

$113m New Bedford marine terminal sits largely idle

The Baker administration inherited the project from Patrick, who prioritized it as a way to create clean energy jobs while providing a boost to a city in need of some economic help. “It was a very big gamble,” said Beaton, whose role in the administration requires him to serve as chairman of the clean energy center’s board. “Unfortunately, the dice didn’t roll our way on this one.”
31 Aug 2015

Wind power players gather in Falmouth

Clouds have gathered and a little of that pre-storm feeling of electricity is in the air, but whether the offshore wind industry in Massachusetts will grow into a hurricane of turbine-spinning development or simply blow over, with barely a breeze, remained uncertain at a Wednesday meeting of wind power players in Falmouth.
1 May 2015

Danish concern buys development rights for wind farm off Martha’s Vineyard

Dong Energy, however, is willing to test the U.S. waters for now and is encouraged by a piece of legislation currently in the Massachusetts state legislature that supports conditions for future offshore wind projects. Leupold also likes the east coast environmental conditions because he says they are similar to some of their ongoing projects in northwestern Europe.
9 Apr 2015

With Cape Wind Faltering, New Bedford’s Future As Offshore Wind Hub Uncertain

Matthew Beaton, the new state energy secretary, ...says he wouldn’t make that investment today. “I don’t know if, given the uncertainty of Cape Wind at that time, and the overall question marks of offshore wind development, is a $100-plus million investment the appropriate use of those funds? Could we have used those monies in a more well-suited manner?”
6 Apr 2015

Hot air over wind

The saga of Cape Wind has gone from simply wrong-headed — not to mention expensive beyond belief — to downright pathetic. ...So now Gordon is once again putting his hopes in the public sector, in particular a bill filed by Rep. Patricia Haddad (D-Somerset) that would require utilities to purchase stated amounts of offshore wind power and hydropower.
7 Mar 2015

What really toppled Cape Wind’s plans for Nantucket Sound

Demonizing his critics worked for Gordon for more than a decade, but in the end the NIMBY charge lost its sting when the public recognized Cape Wind as a classic bait and switch. Developers promised cheap, clean energy, and then planned to sell 77.5 percent of the power they were going to produce to NStar and National Grid for some two times the average cost of power generated by US suppliers.
30 Jan 2015

Wind auction sees low interest

Only two of four wind energy lease areas in federal waters south of Martha’s Vineyard received bids in an auction today and the sale prices were millions of dollars lower than previous auctions for leases of smaller sizes off other coastal states, according to statements by federal energy officials.
29 Jan 2015

Cape Wind suspended from New England market

Cape Wind has been suspended from New England's wholesale electricity market and has pulled out of a lease for land that had been earmarked for staging the 468MW project. "In general, suspensions are a result of a participant not maintaining a minimum amount of collateral and/or not complying with other financial assurance or billing requirements."
28 Jan 2015

Could Cape Wind have put up a bigger fight?

The typical price of a tax equity investment for an on-shore project that carries no debt is between 7.5 and 8.5 percent. By adding debt to the project, the range increases to the mid teens. ...“Admittedly it is being built by Siemens but there are also a lot of local contractors. ...It’s complex, so that would make any first time investor in the offshore industry nervous. So that puts your price of tax equity north of the mid teens, which makes it incredibly expensive."
21 Jan 2015

Cape Wind Is Dead! (U.S. offshore wind stuck at zero)

Cape Wind was the wrong project, at the wrong time, and the wrong place. It was too big and costly. Its impacts were poorly mitigated and its benefits highly questionable. In the end, it was the regulatory arrogance of the Massachusetts Gov. Deval Patrick and the Obama Administrations that did the most harm. A lot of people were offended and willing to stand up to the abuses. Remember, it was Massachusetts’ spirit that triggered the Revolutionary War.
13 Jan 2015

Cape Wind: dead or alive?

Following the announcement Tuesday by two electric utilities that contracts to buy power from the wind farm planned for Nantucket Sound had been terminated, opponents were declaring Cape Wind finally defunct, after 13 years of contentious public debate, permitting and court battles. But not everyone agrees.
8 Jan 2015
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