Tag Archives: Cape Cod

April Top Ten Players In Green Energy

1: Cape Wind

The 420-megawatt Cape Wind project  is big, but the expectations for it are even bigger. Interior Secretary Ken Salazar, who just last week announced approval for the project amidst some stiff opposition, expects the Nantucket Sound wind farm to do no less than prove the viability of offshore wind in America. Much remains to be done before the first turbine blades start to spin – bank financing and power purchase agreements must be finalized and the project must be built on time and within budget. But Cape Wind has already done a lot. The project’s developers have endured nine years of attempts to regulate offshore sites that played like a bureaucratic version of “Who’s on first?” before finally arriving at guidelines that future developers can follow. More importantly, the Obama administration has decided that the need for renewable energy trumps environmental and cultural concerns that threaten to block large projects. It’s an imperfect solution, to be sure, but it does move green energy forward.

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The Week In Green Energy: Offshore In the USA…

Week of April 26 – to – April 30, 2010

It took nine long years and multiple setbacks fueled by passionate opposition from local residents for Boston-based developer Cape Wind to clinch the holy grail: a federal permit to construct the first U.S. offshore wind-generated power plant.

Interior Secretary Ken Salazar, making the announcement in Boston, conceded that his decision would not please everyone on nearby Cape Cod, where residents will have the best view of the 130 Siemens offshore wind turbines to be deployed across the Nantucket Sound.

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The Week In Green Energy: Offshore In the USA?

Week of April 26 – to – April 30, 2010

It took nine long years and multiple setbacks fueled by passionate opposition from local residents for Boston-based developer Cape Wind to clinch the holy grail: a federal permit to construct the first U.S. offshore wind-generated power plant.

Interior Secretary Ken Salazar, making the announcement in Boston, conceded that his decision would not please everyone on nearby Cape Cod, where residents will have the best view of the 130 Siemens offshore wind turbines to be deployed across the Nantucket Sound.

Continue reading The Week In Green Energy: Offshore In the USA?

Offshore Is In The Air, Cape Wind Announces Wind Turbine Deal With Siemens

Cape Wind knows a good news hook. With offshore dominating the news-cycle  (and the Google search terms), the persistent Boston-based offshore wind developer chose today to announce that it has entered into an agreement with Siemens of Germany to purchase up to 130, 3.6-megawatt wind turbines for the  420-megawatt wind farm it wants to build off Cape Cod.

This is the second turbine contract for Cape Wind. When the project was first launched in 2003 General Electric got the turbine contract. However, GE walked out of the offshore wind turbine business, forcing Cape Wind to get a new supplier.

Securing turbines is a key step in any project development as it can pave the way to more substantive discussions on project financing. A project void of a turbine deal will find it difficult to convince bankers to finance the project. The types of turbines used can also impact the overall price of the loan — see full press release. Cape Wind is expected to cost about $1 billion to develop.

Continue reading Offshore Is In The Air, Cape Wind Announces Wind Turbine Deal With Siemens

Cape Wind Offshore Wind Project Faces New Permitting Hurdle

Cape Wind, the Boston-based developer that for years has been working to launch the development of a 420-megawatt offshore wind farm off?Cape Cod, was handed over another challenge with the recent decision by the National Register of Historic Places that the Nantucket Sound is eligible for listing in the National Register of Historic Places. The decision could lead to more delays as it ensures that significant archeological research are undertaken as part of this already long permitting process.

Or will it…? Continue reading Cape Wind Offshore Wind Project Faces New Permitting Hurdle