Search results for: Cape

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  • 26 March 2014
    Business & Finance, Wind Farm Update

    Marking another major Cape Wind financing milestone, Cape Wind and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today added Natixis and Rabobank to serve as the project’s Lead Arrangers, to work with BTMU to structure and arrange the syndication of the senior debt financing to additional lenders. The Lead Arrangers are expected themselves to make […]

  • 9 January 2011
    Authorities

    Cape Wind completed its Federal permitting process today with the receipt of a final permit from the Environmental Protection Agency (EPA), continuing the project’s forward progress to creating jobs and increasing energy independence from the 468 megawatt offshore wind farm. EPA’s approval came 24 hours after the U.S. Army Corps of Engineers issued Cape Wind […]

  • 29 August 2014
    Business & Finance, Wind Farm Update

    Even though the Cape Wind project, the first proposed offshore wind farm in the U.S., is fully permitted and nearing completion of the project financing phase, its opponents are putting their last efforts into preventing the installation of wind turbines off the coast of Cape Cod, Massachusetts.  Opponents of the Cape Wind project have filed a brief with the U.S. […]

  • 18 July 2012

    Following FAA Investigation on Cape Wind, Communications Director Mark Rodgers released the following statement: Cape Wind has been closely reviewed and considered for 10 years by Republican and Democratic administrations, which have both come to the same conclusion: Cape Wind will provide substantial benefits to the nation by jumpstarting the clean energy future, creating hundreds […]

  • 27 November 2012

    Cape Wind secured another major milestone with the approval by the Massachusetts Department of Public Utilities (DPU) of the 15-year Power Purchase Agreement (PPA) with NSTAR to buy Cape Wind’s energy, capacity and renewable energy credits.  Cape Wind President Jim Gordon said, “This decision helps secure the position of Massachusetts as the U.S. leader in […]

  • 17 March 2014
    Authorities, Business & Finance, Environment, Wind Farm Update

    United States District Judge Reggie B. Walton last week issued rulings against Cape Wind’s opponents in their four lawsuits that had challenged the project’s permitting approval by the U.S. Department of Interior. In his rulings, Judge Walton upheld the Department of the Interior’s review and approval of Cape Wind, a thorough and comprehensive permitting process […]

  • 24 July 2011

    Climbing temperatures have pushed the demand for electricity yesterday and today to the highest this year just as Cape Wind would be producing large amounts of clean power according to records from Cape Wind’s data tower in Nantucket Sound. Cape Wind’s offshore wind farm planned for Nantucket Sound would have been running at its full […]

  • 18 May 2012

    As Cape Wind is coming closer to its finalisation,it calls for public support at the last set of public hearings which will be held in Massachusetts. The Department of Public Utilities (DPU) public hearings on NSTAR’s contract to purchase 27.5 % of Cape Wind’s power will be held on May 30 in Boston. The DPU […]

  • 4 November 2011

    Cape Wind produced a new report today entitled, ‘Cape Wind & Massachusetts – Creating Jobs and Providing Clean Power to Massachusetts’. This new report details how Cape Wind can uniquely deliver large scale clean energy benefits to Massachusetts, create jobs and enhance energy security and reliability. Half of Cape Wind’s power has already been sold […]

  • 24 April 2014
    Authorities, Business & Finance, Wind Farm Update

    The federal loan guarantee for the Cape Wind offshore wind farm is still being contemplated by the U.S. Department of Energy (DOE), the Cape Cod Times writes. The U.S. Energy Secretary Ernest Moniz has confirmed that the case targeting a USD 500 million loan is “under active development”, but its outcome remains unknown. However, the […]

  • 28 May 2012

    A new offshore wind farm in the US marks the turning point for offshore wind energy. Ramboll will as leader of a consortium with U.S. based companies design the foundations for the Cape Wind Offshore Wind Farm. The consortium expects more US offshore wind projects to be on the way.  America’s first offshore wind farm […]

  • 21 December 2010
    Authorities

    A broken campaign pledge by Gov. Deval Patrick could end up costing Massachusetts ratepayers big bucks if yet another massive wind farm is built off the coast of Martha’s Vineyard. When he first ran for governor in 2005, the then-relatively unknown Patrick broke out of the Democratic pack by endorsing the controversial Cape Wind project. […]

  • 3 January 2012

    Jim Gordon explained how the SJC decision to uphold the approval of the Cape Wind contract with National Grid helps propel the project forward. „I think big wind means that there is huge offshore wind resource right off the coast of Massachusetts that we can tap for greater energy independence, more stable electric costs, new […]

  • 14 June 2013

    Cape Wind, the leading offshore wind developer in the U.S. has signed a Consulting Services Agreement with the North America division of PMSS – one of Europe’s most respected offshore wind consulting firms, and a part of the TUV SUD group. Under the agreement, PMSS will assist Cape Wind with a team of experts and […]

  • 1 July 2013
    Grid Connection

    Cape Wind has signed a $15 Million contract with Falmouth-based Lawrence-Lynch Corp. to provide the upland construction work required to bury Cape Wind’s electric cables. Lawrence-Lynch Corp. will also be responsible for providing a conduit for connecting the buried electric cables on land to the submerged ocean submarine cables by using a ‘directional drill’ from […]

  • 16 August 2012

    After years of careful aeronautical review of Cape Wind, the project received FAA approval in the form of this ‘Determination of No Hazard’. This is the fourth ‘Determination of No Hazard’ Cape Wind has received from the FAA since the agency began its review of the project in 2002. FAA’s review and approvals of Cape […]

  • 20 March 2013
    Business & Finance

    Completing a financing milestone, Cape Wind has signed a term sheet to engage The Bank of Tokyo-Mitsubishi UFJ (BTMU) as its Coordinating Lead Arranger of the commercial bank portion of the total debt financing for the 468-megawatt offshore wind farm. The announcement finalizing this selection follows remarks by Cape Wind President Jim Gordon at a […]

  • 18 July 2012
    Authorities

    Two U.S. congressmen have addressed the Federal Aviation Administration (FAA) issue which came up recently, concerning the alleged political pressure that was put on the agency while deciding on the safety of the Cape Wind offshore wind farm. The congressmen have sent a letter to the FAA´s Acting Administrator, referring to the employees´ statements in […]

  • 1 June 2011

    Cape Wind, off the coast of Cape Cod, Massachusetts is in trouble trying to find buyers for its high cost electricity. But Cape Wind isn’t… (canadafreepress) [mappress] Source: canadafreepress, June 01, 2011;

  • 27 June 2012

    The Martha’s Vineyard / Dukes County Fishermen’s Association (MVDCFA) and Jonathan Mayhew (together hereafter referred to as ‘Martha’s Vineyard Fishermen’) have dismissed their federal lawsuit and have entered into a Settlement Agreement with Cape Wind. The Martha’s Vineyard Fishermen and Cape Wind have agreed to work together to support sustainable local Island commercial fisheries and […]

  • 20 December 2010

    Cape Wind has outlasted a decade of government review, a slew of court brawls and fierce opposition from mariners, fishermen, Indian tribes and Kennedys just to win the right to sell its wind-fueled electricity. Now, all it needs are customers. Last month, the nation’s first offshore wind farm nailed down its first buyer when the […]

  • 11 April 2012
    Business & Finance

    Cape Wind has selected the joint venture team of Flatiron Construction Corp., Cal Dive International, Inc., and Cashman Equipment Corp. as its construction contractor to build America’s first offshore wind farm in Nantucket Sound.  Cape Wind President Jim Gordon said, “We are confident this is the right team with the best skills and capabilities to […]

  • 3 April 2012
    Authorities, Business & Finance

    According to the Associated Press, the largest Massachusetts-based, investor-owned electric and gas utility, NStar decided to purchase power from Cape Wind offshore wind farm. The contract is worth $1.6 billion and is intended for15- years- long period. This is $940 million more that the market price of conventional electricity for the same period. The Cape […]

  • 3 March 2015
    Business & Finance, Wind Farm Update

    Developers of the Cape Wind project have notified Massachusetts Clean Energy Center (MassCEC) that they are letting go of the lease for a marine terminal in New Bedford. The decision came after Cape Wind was asked by MassCEC to give the center an opportunity to make the best out of the terminal space this year, since […]

  • 18 June 2012
    Authorities

    Federal Aviation Administration (FAA) employees felt political pressure to approve Cape Wind, says the Associated Press. Internal documents, obtained by the Cape Wind project opponents, imply it was approved amid internal disagreement over the best way to avoid the turbines interfering with radar and jeopardizing airplane safety. Finally, the FAA decided that the answer to […]

  • 26 April 2013
    Business & Finance

    Cape Wind opponents are blasting the nearly $4.3 billion in potential taxpayer and ratepayer levies for the proposed Nantucket Sound wind turbine project in recent comments and public testimony before Congress. During her testimony, Audra Parker, President and CEO of the Alliance to Protect Nantucket Sound, criticized the exorbitant and duplicative federal and state breaks […]