First U.S. Offshore Wind Farm Wins Federal Funds, Courtroom Fights
For over a decade, Cape Wind’s proposal to build a turbine farm off Cape Cod has generated excitement and opposition in large measures—but no power. New federal funding and recent courtroom victories may soon change all that, and launch America’s offshore wind industry in earnest.
The Department of Energy’s (DOE) Loan Programs Office has announced a conditional commitment to Cape Wind, a 130-turbine project slated for the shallow waters of Nantucket Sound. The $150 million loan guarantee would support construction of the 360 megawatt (MW) wind farm and might finally help the bid to spin turbines above the waters of Nantucket Sound.