Key hurdles cleared, Cape Wind ready to rev up

Cape Wind could begin to set up financing for its plan to build 130 wind turbines in Nantucket Sound as early as this spring, according to a company official.

The U.S. Minerals Management Service issued a largely positive environmental report for the project last month and a formal approval of a lease for the project could come as soon as two weeks. Combined with several permits already issued by the state and a pending decision on all other local and state permits, the federal lease could clear the way for Cape Wind to pursue investors and loans for the project.Click here to read this Cape Cod Times article