Cape Wind - Wouldn't Do It Again -Too Many Lawsuits
Posted in the Boston Forum
#1 May 3, 2013
Cape Wind: Regulation, Litigation the Bottom Line
"Now that the permits have been obtained and at least two-thirds of the wind farm's output has been purchased under contract, Jim Gordon and his partners are busy seeking financing for Cape Wind. They won't comment on how much it will cost in the end, though estimates typically run between $1 billion and $2 billion. Gordon suggested in a recent phone call that he anticipated having turbines in the water by 2015."
"That might still be optimistic. Grid managers have suggested that it could take longer, and in any case, more legal action remains a possibility."
"If I knew from the very beginning that it would take 12 years and cost as much as it did, I would have had to think very long and hard about accepting that challenge," Gordon said. "I've spent 36 years of my life developing energy projects, and our mission has been trying to improve the efficiency and improve the environmental attributes of these types of projects. I was really devoted to trying to contribute to helping transition to a cleaner energy future."
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