Government signs lease at Cape Cod wind American
Post a comment Atlantic CITY, N.J.–
Developers of a wind farm planned off the coast of Massachusetts have signed for hire for 28 years with the Federal Government.
Lease signed Wednesday cost Cape Wind Associates LLC $ 88,278 in annual rent prior to production and operating costs 2 to 7% once it begins to generate electricity.
Once completed, the wind farm plans to have more than 25 square of 130 miles turbines.Il is expected to generate a maximum of 468 MW with an average of 182 megawatts planned output enough power for up to 75% of energy from Cape Cod, Nantucket and Martha s Vineyard popular.
Ken Salazar u.s. Interior Secretary approved project in April.
The lease was signed to a meeting of the American Wind Energy Association in Atlantic City, N.J.
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