After nine years in the government regulatory mill, backers of the Cape Wind project off the shores of Massachusetts' Cape Cod will learn by April 30 whether [President] Obama and Interior Secretary Ken Salazar will let them proceed, with potentially far-reaching consequences for the industry if the project is quashed.
Mark Rodgers, spokesman for Cape Wind developer Energy Management Inc. of Boston, said that the project is being closely watched because it is the first of its kind in the United States, with a number of other projects being eyed along the Atlantic coastline. Given the length of the regulatory approval process, it will likely be the only one built during the Obama administration.
"If it doesn't get approved, it will have a big impact," said Mr. Rodgers.
Beyond being a setback for the industry, Mr. Rodgers said a rejection by the administration will be "a real market signal."
"Stakeholder investors will really be looking to see what's happening," he said.
In other words, if you can't get a turbine farm approved where there is some of the most consistent wind in the nation, then where can you build one? Even so, as the Institute for Energy Research explains in this excellent video (below also), one productive (by wind energy standards) Cape Wind still does not come close to the energy generation of a single offshore natural gas platform (appropriately placed, of course). IER also addresses the NIMBY concerns and pollution potential for both energy sources as well, while also revealing the truth about the president's recent announcement about offshore oil and gas exploration:
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