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Cape Wind

Cape Wind Project To Move Forward

By Jeff Siegel
Friday, May 22nd, 2009

There will be a few unhappy folks - some with the last name, Kennedy - rustling around Cape Cod this Memorial Day weekend.

Turns out, the Cape Wind project won approval on Thursday, for a composite certificate needed for the proposed billion-dollar wind farm. This composite certificate combines nine state and local permits needed for the project to proceed. The permit also overturns an older Cape Cod Commission procedural denial of the project.

The Cape Wind offshore windfarm has been opposed by folks who have homes on Cape Cod, Martha's Vineyard and Nantucket who claim the turbines would kill migrating birds. Though it's probably safe to say that the real issue is those million-dollar views.

Regardless, the project is now waiting for final approval by Interior Secretary, Ken Salazar. And we believe it looks good for the wind farm developers, Cape Wind Associates, LLC. After all, just last month, the Interior Department released new guidelines for leasing offshore areas for the production of wind energy. Salazar has also been very vocal about wind development, stating that he is ready to move forward with offshore development in the Atlantic Ocean.

If this thing does finally see the light of day, 130 wind turbines will end up powering about 400,000 homes.

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Jeff

 


Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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