reNews: Cape Wind Considers Options

August 2, 2016

Renews: Cape Wind Considers Options
468MW Project Shut out of Massachusetts’ Offshore Legislation
August 2, 2016

Developers of the 468MW Cape Wind project are “disappointed” after being shut out of Massachusetts’ groundbreaking offshore wind legislation.

A comprehensive energy bill approved by the state legislature this week requires utilities to procure 1.6GW of offshore wind power by 2027.

However, only projects that hold a federal lease issued on a competitive basis after 1 January 2012 are eligible, effectively excluding Energy Management Inc’s (EMI) Cape Wind proposal.

“It would take a long book to describe our disappointment, given the effort and perseverance our Massachusetts-based company invested in validating the benefits of offshore wind for the Commonwealth, while contributing to evolving its federal and state regulatory framework,” said EMI president and founder Jim Gordon.

The project has faced many regulatory, legal and financing hurdles since EMI first proposed to build 130 turbines on Horseshoe Shoal in Nantucket Sound more than a decade ago.

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Reprinted via reNews - the News Service is not affiliated with the Alliance.