July 1, 2014, BOSTON, MA – In a major show of support for the Cape Wind offshore wind energy project, the US Department of Energy today took the first step in issuing a $150 million loan guarantee with a conditional commitment to Cape Wind Associates, LLC.
Conservation Law Foundation, a New England environmental organization involved in advocacy for Cape Wind, issued the following statement:
“With this federal loan guarantee, the Department of Energy is reaffirming the nation’s confidence in the unparalleled clean energy potential of offshore wind,” said Sue Reid, Conservation Law Foundation Vice President and Director, CLF Massachusetts. “It also is a reflection of the many permitting and financing milestones Cape Wind has achieved, and how close the nation’s first offshore wind project is to being built, at long last. Today, we celebrate a smart investment in the nation’s clean energy future.”
Conservation Law Foundation (CLF) protects New England’s environment for the benefit of all people. Using the law, science and the market, CLF creates solutions that preserve natural resources, build healthy communities, and sustain a vibrant economy region-wide. Founded in 1966, CLF is a nonprofit, member-supported organization with offices in Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. Visit us at www.clf.org and follow us on Twitter @theCLF.