The following is excerpted from an article published the Cape Cod Times:
Cape Wind Associates announced today (December 1, 2017) that it has ceased the development of its proposed offshore wind farm and is surrendering its federal lease for 46 square miles in Nantucket Sound, officially putting an end to a 16-year effort to build the controversial project.
“Cape Wind has confirmed to the Bureau of Ocean Energy Management that it has ceased development of its proposed offshore wind farm project in Nantucket Sound and has filed to terminate its offshore wind development lease that was issued in 2010,” according to a statement emailed to the Times by Cape Wind vice president Dennis Duffy.
The project was dealt a major setback in January 2015, when Eversource and National Grid ended those contracts to buy power from the turbines, and again in 2016 when the state Energy Facilities Siting Board declined to extend permits for the project that had originally been issued in 2009.
Opponents had argued the project was a danger to navigation, marine life, birds and the local economy. Proponents argued it was necessary to help combat climate change, would create jobs and would launch the country’s offshore wind energy industry.
Filed Under: Financing