December 4, 2017 — The proposed Nantucket Sound wind farm is no longer.
After more than 16 years, tens of millions of dollars spent and seemingly endless, at times deafening, debate, the announcement Friday that Cape Wind is officially dead came quietly by email.
“Cape Wind has confirmed to the Bureau of Ocean Energy Management that it has ceased development of its proposed offshore wind farm project in Nantucket Sound and has filed to terminate its offshore wind development lease that was issued in 2010,” according to a statement sent to the Times by Cape Wind vice president Dennis Duffy.
The project first proposed in 2001 and reviewed by dozens of local, state and federal agencies succumbed not under the weight of pressure from opponents or failure to clear any particular regulatory hurdle but rather from a combination of time and financial constraints that tightened and loosened over many years before constricting for good when utilities killed the contracts to buy power from the project’s 130 wind turbines in early January 2015.
Even after losing customers for its power, however, Cape Wind Associates LLC continued to shell out $88,278 to pay for a lease secured in 2010 covering 46 square miles of federal waters in the middle of the sound. That amount was a drop in the bucket compared to the more than $100 million the company had already spent on the project but whether it was what finally tipped the scales is unclear.
Read the full story at the Cape Cod Times