By Ariel Wittenberg, awittenberg@s-t.com NEW BEDFORD — Cape Wind’s federal permits list Quonset Point, R.I., as the staging area for its planned 130-turbine wind farm to be located in Nantucket Sound. The offshore wind developer has said publicly it will use New Bedford’s South Terminal to stage its materials and equipment provided the port facility… More
Boston Business Journal: Danish Pension Fund Lines Up for $200 M Loan to Cape Wind
Jon Chesto, Managing Editor, Print- Boston Business Journal Is the fact that a big Danish pension fund is considering a loan of $200 million to Cape Wind great news for the long-delayed wind farm? Well, it depends on who you ask. Cape Wind Associates President Jim Gordon called the tentative commitment from PensionDanmark an important… More
Wall Street Journal: The Rationale for Wind Power Won’t Fly
Physical limitations will keep this energy source a niche provider of U.S. electricity needs. By JAY LEHR To understand the folly that drives too much of the nation’s energy policies, consider these basic facts about wind energy. After decades of federal subsidies—almost $24 billion according to a recent estimate by former U.S. Sen. Phil Gramm—nowhere in… More
AP: Cape Wind Gets $200M Investment from Danish Fund
By JAY LINDSAY / Associated Press BOSTON (AP) — The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm’s president said Tuesday is a milestone for the long-delayed project. In a statement announcing the commitment, PensionDanmark’s chief executive Torben Moger Pedersen noted the… More
Alliance Response to Funding from Denmark
The following is a statement from Audra Parker, president of the Alliance to Protect Nantucket Sound. Cape Wind has announced it 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… More
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