Tag Archives: Cape Wind

Cape Wind receives federal approval for first offshore wind farm | SustainableBusiness.com News

Secretary of the Interior Ken Salazar on Wednesday approved the Cape Wind offshore wind farm, completing the last regulatory step for the project which was first propsed for Nantucket Sound about eight years ago. 

The project has been delayed throughout the permitting process by opposition from coastal residents who fear the wind turbines, which will be erected five miles from shore, will devalue coastal properties and affect tourism.

Salzar said the developer of the $1 billion wind farm must agree to additional measures to minimize the potential adverse impacts of construction and operation of the facility.

“After careful consideration of all the concerns expressed during the lengthy review and consultation process and thorough analyses of the many factors involved, I find that the public benefits weigh in favor of approving the Cape Wind project at the Horseshoe Shoal location,” Salazar said in an announcement at the State House in Boston. “With this decision we are beginning a new direction in our Nation’s energy future, ushering in America’s first offshore wind energy facility and opening a new chapter in the history of this region.”

The Cape Wind project is expected to be the first wind farm on the U.S. Outer Continental Shelf, generating enough power to meet 75 percent of the electricity demand for Cape Cod, Martha’s Vineyard and Nantucket Island combined.

Click on the link to read the rest of the SustainableBusiness.com press release.

Offshore wind farm could save $4.6 billion over 25 years

Below are several links, including one to a press release found on Sustainablebusiness.com about a report published by economic consulting firm Charles River Associates. That report apparently suggests that the Cape Wind offshore wind farm alone could save $4.6 billion – that’s with a B – over the next quarter century.

The proposed project would be off the coast of Massachusetts in Nantucket Sound. It is not stretch that proportionally similar savings could be realized from the eventual construction of a proposed project off Maine’s coast.

Of course, such reports usually are funded by the agency that would benefit. Cape Wind Associates LLC funded the report, according to a news story about the report.

Here’s a link to Friday’s press release: “Cape Wind Report: Offshore wind will cut electric prices by $4.6B

Here’s a link to a previous press release about delays: “Cape Wind faces new obstacle

Here’s a link to Thursday’s story in the Cape Cod Times about the report: “Cape Wind savings pegged at billions

Here’s a link to Cape Wind’s website: http://www.capewind.org/.