Cape Wind savings pegged at billions :: Cape Wind :: America's First Offshore Wind Farm on Nantucket Sound

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This [Cape Wind project] is precisely the kind of renewable energy that pretty much every Earth Day speech since 1970 has demanded that we develop. Now that it's finally here, though--now that we're talking about particular windmills in particular places, not abstract and squeaky clean 'wind power'--people aren't so sure...But I've given my share of Earth Day speeches, and seen the effect they had. Sooner or later you've got to do something.

-- Bill McKibben, Author of The End of Nature

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Cape Wind savings pegged at billions
Thursday, February 11, 2010
The developer of the proposed Nantucket Sound wind farm released a study yesterday that claims the project would save $4.6 billion in New England's wholesale electric costs over 25 years.

The nine-page report by Charles River Associates found that if Cape Wind were built the total cost of electricity paid by utilities in the region would be $185 million less on average each year. In 2008, the total wholesale cost of electricity in New England was $12 billion, according to Independent System Operator New England, the organization that manages the region's wholesale electricity market.

Note: Click here to read this Cape Cod Times article

Also in Cape Wind in the News:
· Federal Government Opens More Ocean to Wind Projects   (02/03/12)
· Jim Gordon discusses SJC Decision to Uphold Approval of Cape Wind contract   (12/30/11)
· Project Opponents in deep debt   (11/18/11)