04 Jan '12, 2pm

The Wind Beat: Decisions and Deals as Wind Closes 2011: Cape Wind cleared another legal hurdle in the last wee...

The Wind Beat: Decisions and Deals as Wind Closes 2011: Cape Wind cleared another legal hurdle in the last wee...

Cape Wind cleared another legal hurdle in the last week of 2011 and claimed its place as the most likely first full-scale U.S. offshore wind installation. The Massachusetts Supreme Judicial Court (SJC) affirmed the state’s Department of Public Utilities (DPU) decision that the Power Purchase Agreement (PPA) between Cape Wind and National Grid, the state’s utility, would be a cost-effective use of ratepayer money. The PPA requires National Grid to pay Cape Wind 18.7 cents per kilowatt-hour for 50 percent of the 468 megawatt project's output in the first year of operation (which may be 2014 or 2015) and 3.5 percent more each subsequent year over the 15-year contract. Well-funded opponents of the project backed by Koch brothers coal money , according to Cape Wind spokesman Mark Rodgers, claimed National Grid’s PPAs should be made on a strict “least-cost basis.” The SJC suppor...

Full article: http://www.greentechmedia.com/articles/read/The-Wind-Beat...

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