Much has been said and written about the 38 Studios debacle that left Rhode Island taxpayers on the hook for a $75 million loan guarantee. Clearly, the state had no business entering into a deal fraught with so much risk and so little public discussion. Unfortunately, bad decisions such as that one, based on speculation… More
Industrial Wind Watch – Editorial: Cape Wind Is Dead! (U.S. offshore wind stuck at zero)
By Lisa Linowes “Cape Wind was wrong project, wrong time, wrong place. It was too big and costly. Its impacts were poorly mitigated and its benefits highly questionable. In the end, it was the regulatory arrogance of the Massachusetts Gov. Deval Patrick and the Obama Administrations that did the most harm. A lot of people were offended and willing to stand up… More
Boston Globe: Cape Wind’s Future Called into Question
By David Abel As recently as last fall, Cape Wind officials were vowing that by the end of 2014 workers would start digging the trenches and laying the cables to erect 101 massive wind turbines in Nantucket Sound, a $2.5 billion project meant to be the nation’s first off-shore wind farm. As of Tuesday, when… More
State House News Service: Patrick Unsure if Cape Wind Project Will Survive
By Michael Norton and Matt Murphy BOSTON — The decisions of two utilities to pull their financing commitments for the Cape Wind project represent a “near-fatal blow” to the offshore energy project, according to its opponents, although project officials claim the moves by Northeast Utilities and National Grid are invalid. Gov. Deval Patrick, a longtime proponent… More
NECN: Cape Wind Project Dealt Major Setback
By Peter Howe The decision by two major utilities to terminate their contracts to buy power from the proposed $2.5 billion wind farm in Cape Cod waters could kill the project, according to supporters and detractors of the plan. Cape Wind and its array of 130 440-foot-tall turbines spread over 24 square miles of Nantucket… More