2013: The Beginning Of The End For Cape Wind
to F Cape Wind Project on Last Legs: FoxNews Link
FoxNews Undercover exposes the true cost of Cape Wind: Link to Video
Death knell for Cape Wind?
MA utilities will be purchasing green wind power from New Hampshire and Maine facilities at an average price of less than 8 cents per kWh vs. Cape Wind’s price of 19 cents per kWh rising to over 30 cents in the final year. No utility, business or consumer should be forced to underwrite a private developer at more than three times the cost of readily available green energy from other sources. Read Alliance Press Release
Opposition to Cape Wind Continues to Grow
Alliance reports strong fundraising as Cape Wind opposition continues to grow as deadlines loom: Press Release
View ads in major newspapers sponsored by MACP (MA Competitive Partnership) & AIM (Associated Industries of MA)
Click here to see the June 13 ad in DC papers: Politico, The Hill, Roll Call. "Some Facts About The Cape Wind Project You May Not Know"
Click here to check out the full-page ad in May 22nd papers: Cape Cod Times, Globe, Herald.
Who are AIM and MACP?
New England Ratepayers Association mailed this informational postcard to 30,000 homes in MA: Link "Don't let middle class taxpayers foot the bill for a risky, expensive, and unnecessary project."
The Latest Poll: Support for Cape Wind is collapsing in MA, according to a survey conducted by the University of New Hampshire Survey Center. See Our Press Release
Wind Energy Gets Away With Murder: Read More
Message from Audra Parker, President & CEO
To the Friends of Nantucket Sound: I am writing to answer three questions we have received lately from you, our supporters, regarding recent Cape Wind events. I also want to assure you that with your continued help, we will defeat this struggling project. With five federal lawsuits facing Cape Wind, public outrage over its high cost, and financing uncertainty, 2013 looms large as the beginning of the end for Cape Wind. Read more: Cape Wind Q & A
Cape Wind's Loan Request
Thank you for your comments to the Department of Energy regarding Cape Wind's Loan Request. If you have not already done so, we encourage you to submit your comments to: firstname.lastname@example.org or you can call 202-586-8336. Remember to include your name, address, and phone number.
Please urge the DOE to deny Cape Wind’s request for a loan guarantee. DOE should not be allocating scarce loan guarantee funds on a risky, environmentally harmful, and conflict-intensive project that has little prospect of ever being built. If DOE approves Cape Wind’s loan guarantee, U.S. taxpayer money would benefit Siemens, a foreign turbine manufacturer, and our taxpayer money would be going to support jobs overseas. Additionally, our taxes would be spent on a project that would actually RAISE electric rates for businesses and households in Massachusetts. This money would be better spent in this country on cost effective renewable energy projects.
Challenges For Cape Wind
Significant legal appeals: Link
Power not fully sold
FAA determination of no hazard being reviewed by a congressional committee
Federal Loan Guarantee denied & is again under consideration. A key federal tax credit expires on 12/31/13 if Cape Wind cannot begin construction by the end of the year
Pension Denmark, Cape Wind's sole investor to date, issued a $200 million commitment that is conditional on construction beginning in 2013 & represents less than 10% of project costs
Cape Wind's preconstruction requirements are incomplete: seafloor survey work; avian baseline studies; authorizatin from National Marine Fisheries; numerous permits outlined in the Construction & Operation Plan
Associated Press - Time Ticking on Mass. Offshore Wind Farm: Cape Wind must reach fast-approaching benchmarks or tisk hundreds of millions n critical funding.
Wall Street Journal - U.K. Offshore Wind Energy a Turnoff for Investors: They are expensive, subsidies are uncertain, plans are being curtailed.
Associated Press - Duke Energy Pleads guilty to killing eagles and other birds at wind farms.
Commonwealth - Cape Wind Deadline Looms: Failure to begin construction by December 31st could imperil tax credits, investor.
BosCommonwealth - Big Subsidies for Solar and Wind Don't Make Sense: Schemes like Cape Wind only balance out through the contribution of generous subsidies, production tax credits, and mandates that the energy produced be purchased by local utilities .
Boston Business Journal - Cape Wind: An Idea Whose Time Has Come & Gone: Financial firms, which would be happy to make a buck while helping these projects get built, have judged Cape Wind to be so detached from reality to be not worth risking capital. With cheaper green energy available, Massachusetts ratepayers should, too.
Boston Herald Editorial - Wind At Our Backs: Cape Wind is going to Europe for its turbines after reneging on a deal with a local firm.The clock is still ticking on this ill-advised project — and that’s a good thing.
Washington Times - Eagle slaughter: Wind farms kill 67 eagles in 5 years. Wind energy facilities have killed at least 67 golden and bald eagles in the last five years, but the figure could be much higher, according to a new scientific study by government biologists.Boston Herald: Cape Wind Going Overseas, Snubs Mass. Steel Co. Another significant portion of the Cape Wind project - due to be underwritten by taxpayers and ratepayers - will be built in Europe instead of locally, and an embittered Bay State steel maker claims that's always been the project developer's plan.
Cape Wind's Financing Woes
Cape Wind is getting a conditional commitment, not a final investment, from a Danish pension company for its European turbines. The so-called deal covers less than 10 percent of its development cost for a downsized project and comes after ten years of trying to line up financing. It indicates that there is very little interest in this controversial high cost project from the private sector.
Additionally, a key federal tax credit expires on December 31, 2013, if Cape Wind cannot begin construction by the end of the year.
Adverse Economic Impacts of Cape Wind
Cape Wind would result in a high net cost to the public due to duplicative subsidies and tax credits, increased electric costs, and negative impacts to tourism, jobs, and property values
The project would impose billions of dollars in additional electricity costs for businesses, households, and municipalities throughout Massachusetts
Scores of commercial fishermen, who earn the majority of their income in the area of the proposed site, believe this project would displace commercial fishing and permanently threaten their livelihoods
The decline in tourism would lead to the loss of up to 2,500 jobs, a reduction in tourist spending of $57 - $123 million, a related drop in output of $94 - $203 million, a drop in earnings of $28 - $61 million, & a $1.35 billion decline in property values
(Statistics provided by Beacon Hill Institute of Suffolk University)
Summer Ad Campaign
Driving home the point that the end of Cape Wind is near, the Alliance to Protect Nantucket Sound launched a late summer radio campaign across the Cape and the Islands, highlighting the costly threats associated with the proposed massive wind turbine project.
Read Text and&&&& & Listen Here