Challenges For Cape Wind
The developer of Cape Wind has terminated contracts to buy land and facilities in Falmouth.
National Grid and NStar/Eversource (Northeast Utilities) terminated their contracts. Alliance Statement
The Quonset, Rhode Island lease was canceled.
The lease on New Bedford docks was canceled.
Cape Wind was suspended from participating in New England’s wholesale electricity markets by ISO New England.
Significant legal appeals
Federal agencies violated Endangered Species Act and must go back to the drawing board to evaluate the impacts and protection measures for birds and right whales. Alliance Press Release, March 14, 2014
Conditional loan guarantee - too little too late. July 1, 2014, it was reported that Cape Wind received a conditional loan guarantee from the U.S. Department of Energy. The developers originally requested a loan guarantee of nearly $2 billion, but received a guarantee for only $150 million, and they continue to lack the necessary financing needed for their $2.6 billion project. Alliance Statement
Additionally, if it is determined that Cape Wind did not begin construction by the end of 2015, they will not qualify for a key federal tax credit (which expired on December 31, 2013 - but may be resurrected).
Pension Danmark issued a $200 million conditional commitment & represents less than 10% of project costs. More recently, the board of a Danish export credit agency has approved a $600 million conditional loan. Cape Wind's March 26 announcement adding Natixis and Rabobank as the project's Lead Arrangers is another incremental and conditional commitment that does little to change the numerous challenges Cape Wind continues to face. Alliance Press Release, February 26, 2014; Alliance Press Release, March 26, 2014
Cape Wind's pre-construction requirements are incomplete: seafloor survey work; avian baseline studies; authorization from National Marine Fisheries; numerous permits outlined in the Construction & Operation Plan.
Cape Wind's Determination of No Hazard to aviation safety expired.
Timeline of Cape Wind's Mounting Problems
WGBH - Jim Braude Show: Will Cape Wind Finally Have Its Day? (Interview with Jim Gordon)
South Coast Today: Offshore Wind's New Wave Boasts Deep Pockets
South Coast Today: Legislators, Offshore Wind Leaders Make Their Case at State House
CapeNews.net: Legislation Could Revive Offshore Wind
Boston Globe: Danish Wind Farm Company Could Change Game in NE
WBUR: How Cape Wind Differs from Bay State Wind, and How It Doesn't
Boston Globe: European Firm Pitches Huge Wind Farm off Martha's Vineyard
CapeCod.com: Cape Wind Officials Say Nantucket Sound Project Not Dead Yet
ABC 7 News: Wind Power Firm Shutting Down in Altamont Pass (in an effort to reduce bird deaths)
Cape Cod Times - Letter: Cape Wind Is Not a Pilgrim Stand-In
Barnstable Patriot: Cape Wind Project Still Alive?
Cape Cod Times - Letter: Facts Ignored in Attack on Activists
Boston Globe: Cape Wind Developer Jim Gordon Not Giving Up
North American Wind Power: Not Dead Yet: Cape Wind Refutes Claims of Its Demise
The Patriot Ledger: Windpower Group's Message: We're Not Cape Wind
workboat.com: 9/28/15 DOE Report: Offshore Wind Poised to Grow (despite...Cape Wind. Future projects will site bigger machines in areas with stronger, more consistant wind speeds)
Commonwealth Magazine: Baker Says State Is at Energy Crossroads; Governor's focus on price puts him on different path than environmentalists
Daily News: Offshore Wind Backers Vying for State Support (urging people to disassociate wind energy from Cape Wind)
Cape Cod Times Opinion: Cape Already Transitioning to Blue [Ocean] Economy
Recharge: What's Next for U.S. Offshore Wind?
Cape Cod Times - Cheers and Jeers: What about protecting Nantucket Sound?
South Coast Today: Hydro, Wind Face Tug of War on Beacon Hill
Cape Cod Times Op-Ed: Continue Fight to Protect Nantucket Sound
Cape Cod Times - Letter: Not Just the Wealthy Oppose Cape Wind
South Coast Today: Anti-Cape Wind Group Blasts Company's Extension Request
Boston Globe: Cape Wind Seeks More Time to Restart Stalled Wind Farm
RENews: Cape Wind Hit by Legal Setback
Commonwealth Magazine: Appeals Court Lets Cape Wind Case Proceed; Foes challenge Patrick's meddling in contract talks
Alliance Statement on the Court of Appeals Victory Today (May 19)
Boston Herald: Loss of Cape Wind Sinks Bid for Marine Terminal
North American Wind Power: DONG Energy Takes Over U.S. Offshore Wind Development Project
Boston Globe - Letter: Cape Wind Foes Came from All Walks of LIfe
State House News: New Energy Secretary Would Have Nixed New Bedford Terminal
Boston Herald: Hot Air Over [Cape] Wind
Commonwealth Magazine: Cape Wind Developer Mum on Project; His comments suggest wind farm is not dead
State House News Service: Gordon Calls State Energy Legislation Promising
Associated Press: Wind Projects Stir up Concern for Sunken Tribal Artifacts
Boston Globe: What Really Toppled Cape Wind's Plans for Nantucket Sound
Boston Globe: Tom May, Northeast Utilities Happy to Get out of Cape Wind
Cape Cod Times: Wind Farm Opponents to File Appeals (Town of Barnstable claims potential threat to ground water)
Real Clear Markets: Cape Wind: An Unsightly Monument to Political Pull
MAY 2015 UPDATE
FALL 2014 NEWSLETTER