The two major PPAs for Cape Wind's offshore wind power were terminated in January 2015. Details are available here: http://www.masslive.com/business-news/index.ssf/2015/01/cape_wind_loses_contracts_with_northeast.html
Economic Impact & Financing
A Senate Resolution urging the Board of Public Utilities to expeditiously adopt regulations pursuant to the “Offshore Wind Economic Development Act” to implement an offshore wind renewable energy certificate program and pursuant to the “Electric Discount and Energy Competition Act” to establish energy efficiency portfolio standards. http://www.njleg.state.nj.us/2014/Bills/SR/112_I1.HTM
This bill would require the Board of Public Utilities to approve a qualified wind energy project that is located in territorial waters offshore of a municipality in which casino gaming is authorized as provided in section 4 of P.L.2010, c.57 (C.48:3-87.2). The bill would also remove the requirements that (1) the entity seeking to construct the project prepare and submit a cost-benefit analysis to the board, and (2) the board's approval of the project depend in part upon the results of a cost-benefit analysis.
Jon Mitchell, Mayor of New Bedford, MA, provides remarks on Massachusetts House Number 3968, a bill requiring energy distribution companies to buy no less than 18,900,000 MWH from clean energy generators. Mitchell argues that the bill should have a carveout for offshore wind generators.
The Patrick-Murray Administration announced EPA approval of the New Bedford Marine Commerce Terminal. This approval allows the project to accept bids from prospective developers. The project is a $100 million facility designed for marine traffic related to offshore wind turbine installation.
The Massachusetts Clean Energy Center provides a technical brochure outlining the benefits of the New Bedford Commerce Marine Terminal. In addition to offshore wind traffic, the terminal will provide benefits to hurricane barriers, more heavy load capacity, better waste water disposal, and shorter load times.
The Massachusetts Clean Energy Center announced that it is accepting bids for the construction of the New Bedford Marine Commerce Terminal. The project is a $100 million enhancement to become the first American port to support offshore wind turbine traffic.
Cape Wind announces that Prysmian Cables and Systems USA and Caldwell Marine International will be involved in providing the transmission cables that will carry the electricity produced by Cape Wind to the grid. Caldwell Marine will install the submarine intra array and export cables. Prysmian Cables will construct the grid interconnection.
Cape Wind gives a brief overview of the litigation that the project has been involved in since 2003. Of the 32 cases filed against Cape Wind, 26 ruled in favor of Cape Wind, 5 were withdrawn, and the one ruling against was temporary.
During a hearing on House of Representatives hearing on Cape Wind, Audra Parker, representing the Alliance to Protect Nantucket Sound, provides this testimony arguing against the Cape Wind project. She argues that there will be adverse economic impacts, public safety risks, impacts on tribal lands, and adverse environmental effects.