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.
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.
Interior Secretary Ken Salazar has awarded Boston-based developer Cape Wind a crucial federal permit supporting the development of a landmark, 420 megawatts offshore wind farm off Cape Cod.
Is today the day Boston developer Cape Wind announces it’s clinched a crucial permit from the Department of Interior giving it the right to develop its contentious, 420 megawatts offshore wind farm off Cape Cod? Secretary Ken Salazar is in Boston today, where he’s expected to award a federal permit to Cape Wind in a press conference with Governor Deval Patrick. Cape Wind has scheduled its own press conference, a couple of hours later. We will listen in and keep you posted.
– Story to follow