Green power generation in the New England area is getting a big, green boost. A six state area covered by Cape Wind, a $2.5 billion project to build 130 wind turbines, will see an increase in its green energy very soon.
Recently, National Grid signed a 15 year agreement locking in 50% of Cape Wind’s power at 18.7¢/kWh. Once the Cape Wind project is completed, it is expected to supply about 75% of the energy needs of residents in Cape Code, Nantucket, and Martha’s Vineyard.
Even though the Cape Wind project seems like a great boost to the green power generation industry, it has seen some opposition from local residents and politicians. One prominent group, the Alliance to Protect Nantucket Sound, includes John Kerry and Mitt Romney. Despite that, Cape Wind is optimistic. Its CEO, Jim Gordon noted they’d been at it for more than ten years, and they’ve been victorious against opposition groups every time. They have a perfect 15-0 record, and it seems like Cape Wind will be right at the forefront of supplying the US northeast with wind generated power for years to come.
