The timeline was unveiled as Cape Wind – the only US utility-scale offshore wind project that has all federal regulatory approvals – named Falmouth Harbor, Cape Cod as its operations base.
Jim Gordon, who is both president of Cape Wind and developer Energy Management Inc. (EMI), did not say how the estimated $2.5bn project will be financed.
He expressed confidence that Congress would extend a 30% investment tax credit for offshore wind that expires this year.
The
