•  
  •  
  •  

Cape Wind developer officially backs away from offshore project

A picture from Cathie Associates visit to the US’ first commercial offshore wind farm; Block Island.

December 5 (Renewables Now) - Boston-based Energy Management Inc has cancelled the offshore wind development lease for its 468-MW Cape Wind project off Massachusetts, according to a statement quoted by the media.

The company has informed the US Department of the Interior (DOI) that it will no longer be using its permit for the project. The lease was issued in 2010.

The 130-turbine Cape Wind project in Nantucket Sound has been under development since 2001 and was expected to be the country’s first offshore wind farm. Multiple lawsuits delayed the project significantly, leading to the termination of power purchase agreements with NStar and National Grid (LON:NG) in early 2015.

In April 2016, the Massachusetts Energy Facilities Siting Board denied the project developer's request to extend to May 1, 2017 the permits for subsea and onshore transmission lines. Later that year, the company dropped its appeal to the state's Supreme Judicial Court for a reversal of the rejection.

More stories to explore
Share this story
Tags
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription