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Cape Wind Project Energized by PPA with National Grid

offshorewindCape Wind and National Grid have entered into negotiations for an agreement to purchase electricity generated by the proposed offshore wind project in Nantucket Sound, reports The Cape Codder.

It is expected that the power purchase agreement (PPA) will boost Cape Wind’s financing prospects to build the 130-turbine project off the coast of Cape Cod, reports the local newspaper. The agreement still has a few hurdles to overcome before it’s finalized including the approval of processes and final agreement by the Department of Utilities, according to the article.

The project also has the support of several key Massachusetts officials, who have been urging President Obama for federal approval of the Cape Wind project before next week’s climate talks Copenhagen, reports The Boston Globe.

The office of Governor Deval Patrick, D-Mass. said the PPA is critical for financing the proposed offshore wind farm in Nantucket Sound, in order to start construction and operation in time to qualify for federal incentives, which would reduce the cost of the project by 30 percent, reports North American Wind Power.

Governor Patrick has set a goal of generating 2,000 megawatts of wind-power capacity in the state by 2020, reports The Boston Globe. Currently, there are 15.1 megawatts.

Currently, National Grid supplies electricity to Nantucket and a few other communities in Massachusetts but not to any other Cape Cod communities, according to The Cape Codder.

There are still obstacles to overcome. As an example, opponents to the project say customers will pay the price with higher electricity costs. According to the Alliance to Protect Nantucket Sound, electricity costs will increase, citing an estimate from the Federal Minerals and Management Service that pegs the increase at double the current rate, reports The Cape Codder.

Also, Native Americans from Cape Cod and the Islands, who oppose the project, have asked the National Park Service to determine whether Nantucket Sound is eligible to be listed on the National Register of Historic places, reports The Boston Globe.

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2 thoughts on “Cape Wind Project Energized by PPA with National Grid

  1. As a colonial-rooted Cape Cod native who firmly believes in the sanctity of our maritime heritage, I am writing to ardently express my steadfast support for the Alliance to Protect Nantucket Sound. Based upon sensible logic, data and reasoning, I am also conversely opposed to the controversial Cape Wind Project which seeks to despoil and rob us of the pristine nautical legacy bestowed by our forefathers. As a result of the likely profound damaging regional financial, ecological and public safety consequences Cape Wind would wrought upon us all, it should not be allowed to proceed forward to fruition.

    The project poses a cogent danger to essential air and sea navigation. Siting the project in Nantucket Sound is a breach of the public trust. Contrary to their sham claims, the cost of the electricity which the project will produce would not be cheap or competitive. It would be an unbearable fiscal burden hoisted upon us without our sanction or consent. Furthermore, it will represent a deleterious local economic blow by it’s absconding of undeserved taxpayer-funded subsidies, forced real estate devaluations, and lost revenues from commercial and tourism activities. The proposed one hundred thirty wind turbines will perpetually cause unsightly visual contamination and distressing noise pollution. Finally, Cape Wind will unnecessarily endanger a critical marine and wildlife habitat.

    With the aforesaid thoughtful rationales in mind, along with the inherently unfair and inequitable nature of the proposed Cape Wind Project itself, it must not become a reality which will forever doom our children and grandchildren to a ghastly socially inhumane legacy.

    Ron Beaty
    West Barnstable, MA

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