Library filed under Offshore Wind
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.
Gordon wrote that the lawsuits had impeded Cape Wind from meeting the required milestones and argued that the litigation triggered a so-called force majeure clause in the contract that extended the deadlines for Cape Wind. ...“The challenges alluded to by Cape Wind were ongoing and well known to the parties at the time the agreement was entered into and were not the type of events that would excuse Cape Wind from performing its obligations,” said Caroline Pretyman, a spokeswoman for Northeast Utilities.
NStar officials, who released copies of the letter they sent Cape Wind, said the project had failed to complete financing for the wind farm and begin construction by the end of 2014, as required by the power purchase contract. NStar said Cape Wind could have extended the deadlines for two additional six-month periods by paying a deposit of nearly $1.3 million, but chose not to do that.
State waters in the Martha’s Vineyard and Gosnold areas that were designated in 2009 as possibly suitable for wind power projects, pending further study, were deemed unfit for large-scale wind energy in an updated ocean plan released Tuesday.
Ian Bowles, who as Patrick’s first energy and environment chief helped shepherd the offshore project, said Tuesday’s news may have spelled the end for Cape Wind. ...The jeopardy in which Cape Wind finds itself reflects a changed energy market, in which developers bear more risk than the eventual ratepayers, Bowles said.
The turbines need to idle slowly when temperatures plunge in calm conditions to stop ice forming and to power hydraulic systems that turn the blades into the wind.
Burbo Bank project will consist of 32 extra turbines A wind farm extension will be built off the coast of Merseyside.
Developer RWE Innogy said it was in talks with a several potential partners to build the Galloper wind farm, despite shelving the project two months ago.
The plan, rejected three times by New Jersey utility regulators, is the subject of a court appeal due to be heard in March. But Fishermen's Energy is powering ahead with the plan anyway in order to take advantage of federal tax credits that expire at the end of the year.
“It’s all being paid for by people’s electric bill every month and hundreds of millions of dollars in subsidies. It's just so much money that’s coming from federal tax payers not just in Massachusetts,” Sullivan said. “The estimates for the completion of Cape Wind have more than doubled since it was first proposed.”
While Rodgers said Cape Wind was working hard to make the wind farm a reality, court documents filed earlier by the company’s president indicate that may not be possible. In a court affidavit filed in July, Cape Wind President Jim Gordon said financing on the project needed to close by the end of September 2014 to have a chance at beginning construction on the project before a critical Dec. 31 deadline next year.
Cape Wind will never be more than an unsightly trophy to the persistence of its developer and to the skills of a few players in state politics. Through political luck and skill, and thanks to a lock on National Grid and NSTAR business, Cape Wind might yet succeed in shoehorning this project into Nantucket Sound.
In the Fishermen’s Energy case, homeowners and businesses would be the ones subsidizing the wind farm, through state agreements to buy the power at rates substantially above the cost of electricity in the open market. Wind turbines are a mature technology deployed all over the world, including much at sea, so the “demonstration” aspect of the project is not to show they work but to show sufficient subsidies and political gain can be lined up to do a lot more windmill development off the East Coast.
An outpouring of support from lawmakers and environmentalists for an offshore wind farm 30 miles from Montauk appears to have been decisive in helping push the politically connected developer's project to LIPA's list of finalists.
Northern Ireland’s first offshore wind farm has become the latest renewable project to be scrapped following a change in the UK subsidy scheme. Under the original plans, the £1bn project off the east coast of the province would have supplied almost 20 per cent of its electricity requirements.
The state on Friday again rejected a pilot wind farm project off the New Jersey coast, arguing that the company's financial plan is unsound and would require a state subsidy so large it would make the energy produced too costly for ratepayers. The company vowed to appeal.
The project was bid as part of a larger LIPA request for proposals for up to 280 megawatts of renewable energy in October 2013.
Keith Anderson says company's East Anglia project is being scaled back and claims Government budget limits mean wind farms that do get built will be unnecessarily expensive
Backers view the bill as a marker that will be eventually accepted by a new administration, once Christie’s term ends in January 2018 -- or sooner, if the governor decides to run for president and resigns his office. “We are talking about policy over the next 36 years.’’
The circular logic of REC market fundamentals would have low REC pricing jeopardizing future development. As renewable energy project profit margins get squeezed, fewer projects will be built and forward REC prices would rebound as forward supply tightens.The worry is that offshore wind projects could break this self-correcting market logic in the New England Power Pool (NEPOOL).