Local developer gets favorable wind from feds
While there will still be challenges to Cape Wind’s proposed Nantucket Sound project, Mr. Salazar’s approval of the project this week provides favorable momentum to a series of projects in waters offshore of a number of states along the East Coast and Great Lakes regions. These projects are critical to meeting our goals of utilizing the abundant potential generating capacity of offshore wind, estimated to be in excess of 80,000 megawatts. Our team certainly looks forward to working with developers and financiers to reduce the average cost of power across these projects with this positive signal from the federal government, along with support of the governors of the six East Coast states who called on Mr. Salazar to approve this milestone project.
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