Cape Cod wind farm project struggles with financing - Soundings Online

Cape Cod wind farm project struggles with financing

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Cape Wind, the massive wind farm planned for construction off Massachusetts’ Cape Cod, won’t close on financing by the end of the year as company officials had hoped.

This is a prospect that has opponents of the project feeling more positive about their prospects for stopping it altogether.

“Sounds like Cape Wind is clearly in trouble,” Audra Parker, president of the project’s primary opposition group, the Alliance to Protect Nantucket Sound, told the Cape Cod Times. “This is a developer, a private developer, that’s struggled for almost five years now to put full financing together, even with high-priced contracts and guaranteed revenue in hand.”