Tag Archives: Cape Wind

Environmentalists rally in support of Cape Wind Power Project

About 300 people rallied Saturday on the Boston Common in support Cape Wind, urging National Grid to reinstate a contract to buy 50% of the energy produced by the offshore wind turbines, according to a statement from the Better Future Project, a climate advocacy group with members across the state. The environmentalists rallying Saturday say … Continue reading Environmentalists rally in support of Cape Wind Power Project

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Cape Wind farm suffers major setback on PPA

Deals between Cape Wind and both NStar and National Grid for power from the proposed Nantucket Sound wind farm have fallen apart, marking a major, and potentially fatal, setback for the offshore wind power project. NStar, which agreed in 2012 to buy 27.5 percent of the power expected to be generated by the 130-turbine wind … Continue reading Cape Wind farm suffers major setback on PPA

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Cape Wind offshore wind energy project gets $150M Department of Energy loan guarantee

The US government took a giant step today to ensure the success of Cape Wind. The United States Energy Department gave the offshore wind power project a guaranteed $150 million which raises to $1.45 billion the amount needed to build the renewable energy project in Nantucket Sound which will supply 75 percent of the electricity … Continue reading Cape Wind offshore wind energy project gets $150M Department of Energy loan guarantee

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Cape Wind farm and the Bank of Tokyo-Mitsubishi UFJ add Natixis and Rabobank to lead senior debt financing of wind power project

Marking another major Cape Wind financing milestone, Cape Wind and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) announced today they had 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 … Continue reading Cape Wind farm and the Bank of Tokyo-Mitsubishi UFJ add Natixis and Rabobank to lead senior debt financing of wind power project

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Cape Wind Farm Wins Major Legal Victories

In a set of major legal victories for the Federal Government and for Cape Wind, United States District Judge Reggie B. Walton today issued rulings against project opponents in their four lawsuits that had challenged Cape Wind’s permitting approval by the U.S. Department of Interior.   In his rulings, Judge Walton upheld the Department of … Continue reading Cape Wind Farm Wins Major Legal Victories

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FAA rules Cape Wind offshore wind farm will not affect air traffic

EVWIND Towering wind turbines off Cape Cod will not pose a hazard to planes, the Federal Aviation Administration ruled Wednesday. The Federal Aviation Administration (FAA) issued a “Does Not Exceed (DNE)” determination for the proposed construction of 130 wind turbines in Nantucket Sound. The FAA completed an aeronautical study and has determined that the proposed … Continue reading FAA rules Cape Wind offshore wind farm will not affect air traffic

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