NSTAR has increased its prices by 29 per cent last month due to increasing natural gas supply prices, renewable wind energy from the Cape Wind project of 700 mega watt has again been on a hold. The projects National Grid and NSTAR have been recently terminated their power purchase agreements with Cape Wind Associates for around 77.5 per cent out of the anticipated electricity from the wind farm - Nantucket Sound. The non profit grid operator ensures continuous and safe supply of electricity through the New England.
According to the spokesperson from Cape Wind, the company will continue to seek permission from ISO-NE for entering again into the market in advance of energy production. Also, the company has contested for the termination of power purchase agreements, which invoked a clause in the agreements which allows for an extension under ‘extenuating’ situations.
However, the domino effect on the Cape Wind’s capability to sell its power has sent a small ripple to the center of Massachusetts Clean Energy Marine Commerce Terminal, where the company holds a two year agreement of lease. In addition, Cape Wind’s recent set back might help another offshore wind project called the Block Island Wind Farm, which has become the first in the water. The Deepwater Wind is also moving to its plans to develop a 150 turbine wind farm on two lease areas.
Cape Wind has made through the complex process of local, federal, and state permission. However, it fought and won no less than 26 civil suits. Most of these suits were brought by the same persisting and wealthy group of Cape Codders. The Alliance to Protect Nantucket Sound mentioned that it will now go after the last two holding of Cape Wind.