Tag Archives: Charles River Associates

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/.

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