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 […]

  • 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. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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;

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 August 2012
    Operations & Maintenance

    Cape Wind has announced that it will base its operations headquarters on Falmouth Harbor on Cape Cod, creating 50 new permanent jobs. Cape Wind President Jim Gordon said: “Cape and Islanders once lit the lamps of the world by harvesting whale oil. Pretty soon, every morning, workers will leave from Falmouth Harbor to harness the […]

  • 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 […]

  • 27 February 2014
    Environment, Wind Farm Update

    After the news that Cape Wind offshore project will get a further USD 600 million from Denmark, the Alliance to Protect Nantucket Sound (APNS) yesterday released the following statement: Today’s announcement is another example of Cape Wind’s reliance on conditional foreign investments.  The high priced and controversial project has yet to receive any U.S. financing […]

  • 22 November 2013
    Business & Finance

    The Alliance to Protect Nantucket Sound (APNS) has reported continued strong fundraising for this past year. According to APNS in 2012 a revenue of nearly $2.1 million was reported. Read the APNS results below: Revenue of nearly $2.1 million was reported in 2012, stable with 2011 levels and up 17 percent since 2010. Of the […]

  • 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. […]

  • 6 July 2012

    Following the announcement made by Cape Wind, regarding the commence of geological survey in Nantucket Sound, the Alliance to Protect Nantucket Sound issued a press release, saying: Survey work is standard and does not change the fact that Cape Wind developers have no authority to begin construction. Cape Wind continues to face serious and growing problems, […]

  • 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 […]

  • 15 June 2015
    Technology

    Seaway Heavy Lifting (SHL) has taken possession of a CAPE Holland Tandem CV-320 Vibro Lifting Tool. On Friday, May 22nd, CAPE Holland officially handed over a Tandem CV-320 Vibro Lifting Tool (VLT) to Seaway Heavy Lifting during the CAPE Holland Product Launch. This new acquisition replaces the tandem vibro set which Seaway Heavy Lifting purchased […]

  • 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 […]

  • 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 […]