Cape Wind

Digest (Sept 2014)

Duke Energy Progress agreed to purchase $1.2 billion in generating assets from North Carolina Eastern Municipal Power Agency; ABB won a $400 million order that would create the first electricity link between Newfoundland and the North American power grid; Siemens Energy secured an order for a total capacity of 36 MW in Germany; NextEra Energy Partners’ Bluewater Wind Energy Center in Ontario began commercial operation; the Department of Energy took the first step toward issuing a $150 million loan guarantee to support construction of the Cape Wind offshore wind project; and others ...

Energy Department Offers Conditional Commitment to Cape Wind Offshore Wind Project

The Department of Energy (DOE) took the first step toward issuing a $150 million loan guarantee to support the construction of the Cape Wind offshore wind project with a conditional commitment to Cape Wind Associates. If constructed, the project would be the first commercial-scale offshore wind facility in the U.S., with a capacity of more than 360 MW of clean energy off the coast of Cape Cod, Massachusetts.