Today marks a critical milestone for the 130-turbine Cape Wind offshore wind energy project as the project has reached an agreement with electric utility National Grid, in consultation with the Massachusetts Department of Energy Resources, to negotiate a long-term commitment for the purchase of the project’s power. Cape Wind is one of New England’s most promising solutions for addressing climate change and reducing the region’s dependence on polluting fossil fuels.
“By committing to ensure that Cape Wind’s emissions-free energy will be delivered to tens of thousands of Massachusetts homes and businesses, Cape Wind, National Grid and the Patrick Administration are leading the way to a clean energy future,” said CLF President John Kassel.
CLF has been working across New England for more than fifteen years to promote long-term commitments for the purchase of renewable energy, like the one that is now expected for Cape Wind. Such agreements often provide critical support for the financing of renewable energy projects while also providing stable energy prices to electric customers for years to come, taking energy bills off the fossil fuel roller coaster.