Last week’s issue of The New Yorker magazine featured one of my favorite recent covers. As displayed on the left, the cover depicts the morass of Cape Wind, the oft-covered wind farm proposed off the coast of Massachusetts: a pilgrim sails out from the colony of Cape Cod, joust in hand, prepared for a duel with the turbines in front of him. I’ll try and contain the English major side of my personality that really wants to textually analyze the illustration, except to say that I think the allusions to Don Quixote are apt and ferociously clever, as Cape Wind’s journey over the past decade has been nothing if not quixotic.
The last few weeks have provided a veritable flood of news about Cape Wind, and since we haven’t talked about the project in a little while, we wanted to fill you in and ensure that you’re up to date on all the latest developments:
- First, and perhaps most importantly, on April 27th the US Interior Secretary Ken Salazar announced that Cape Wind had been given regulatory approval to proceed. Hurdles still remain, however. Groups opposed to the project, including the Wampanoag tribe–who believe the wind farm would violate their tribal rights to unobstructed views of the sunrise for sacred ceremonies–are likely to file lawsuits that could delay the project for years. Having said that, Mr. Salazar stated that he does not believe the lawsuits will ultimately derail the project. Another hurdled faced by the project is that when its approval was announced, no agreement had been reached with a utility company to offtake the electricity produced by the turbines. However…
- …on May 7th, utility company National Grid announced that they would buy half of the project’s output, or a nameplate capacity of 150 MW. That electricity would make up about 3% of the load that National Grid generates or buys. While the electricity produced by Cape Wind will cost more per kilowatt hour than electricity generated by other sources, Jim Gordon, the President of Cape Wind Associates, says National Grid’s customers will see their rates rise by only five cents a day as a result of the purchase. While Cape Wind will need to find an off taker for the second half of their output before securing financing and beginning construction can begin, Gordon said their deal with National Grid will provide a helpful framework when working with other utilities.
So there’s your Cape Wind update in a nutshell. We’ll continue to keep you posted on updates to the project and other cool New Yorker covers.