In the assembly, staging and ocean construction stage of the project, Cape Wind will create 600 to 1,000 jobs. Once operating, Cape Wind will create 150 permanent jobs, with at least 55 based on Cape Cod.

Cape Wind’s supply of wind power will reduce the amount of electricity coming from more expensive fossil fuel power plants in New England. This will reduce the amount of fossil fuels being imported into, and burned, in New England. New England does not produce any of its own coal, oil or natural gas, as these fuels are all imported into New England from other regions of the US, or increasingly, from other countries.

Cape Wind will reduce the consumption of a combination of fossil fuels used for electricity generation in New England. While it is not possible to know in advance the exact combination of these fuels that Cape Wind will reduce, Cape Wind will provide a quantity of wind generated electricity annually equivalent to the amount of electricity that would be produced from burning 570,000 tons of coal, or 113 million gallons of oil, or 10 billion cubic feet of natural gas.

Cape Wind will help to stabilize and even reduce the price of electricity. Cape Wind will do this in 3 ways:
1) Cape Wind will reduce the clearing price for electricity in the New England spot market by reducing operations of the regions most expensive power plants, this will reduce electricity prices in New England by 25 million dollars per year.
2) Cape Wind will reduce the implementation costs of the Renewable Portfolio Standard to Massachusetts electricity consumers by increasing the supply of renewable energy certificates.
3) Cape Wind will pursue long-term power contract(s) that will lock-in a fixed price for electricity for a term of ten or more years. This would provide electricity consumers purchasing Cape Wind energy with far greater electric price stability and price certainty than is typically available.

Cape Wind would like to sell most of its electricity in long term price contract(s) to the organizations that sell electricity to consumers on Cape Cod and the Islands of Martha’s Vineyard and Nantucket. In a competitive electric market place, consumers can choose their electric supplier. Cape Wind will provide consumers with superior value.

Cape Wind will become a major point of interest for existing and new travelers to Cape Cod and the Islands, as has been the case at other wind farms around the world. There is not a single example in the world of a wind farm, on land or offshore, that has harmed local tourism. In Denmark, there are wind farms off the shores of the two biggest tourist destinations in the country – the capital city of Copenhagen and the beach resort town of Blavandshuk. There are many examples around the world of wind farms becoming major tourist attractions.

There are no reports of offshore wind farms in Europe harming the values of expensive coastal real estate properties. Since loss of real estate values is a common concern expressed in communities near wind farms prior to their construction, the US Government commissioned a study that was released in 2003 that tracked over 25,000 real estate transactions around the largest wind farms in the U.S. and the report found no adverse effects of wind farms on nearby real estate prices.