Thursday, January 8, 2015

Cape Wind... will they be forced to shut down?

It was reported that Northeast Utilities and National Grid have terminated the contracts with Cape Wind. Without the 2 major players buying electricity from Cape Wind, the financing for the 2.5 billion  dollar project will disappear. This again will be played out in court as the language in the contract is in question now.

While the opposition has waged war with countless litigation over the years, the project had lots of support from the Feds and the State. There's still plenty of debate on how much we would have to pay for that Green Energy, but that same body of water, farther out to sea, is now going to be opened up for other even larger industrial grade wind turbines.


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