Library filed under Offshore Wind from USA

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

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

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

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

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 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

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

Cape Wind’s future called into question

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.
8 Jan 2015

https://www.windaction.org/posts?location=USA&p=36&topic=Offshore+Wind
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