Cape Wind developer Jim Gordon not giving up on project

[unhappycamper]

http://www.bostonglobe.com/business/2015/10/26/jim-gordon-sees-reason-for-hope-with-his-cape-wind-project/87AzVNbhJqT4Cv9iYVMf6M/story.html



Jim Gordon of Cape Wind spoke during a rally on Boston Common in February.

Cape Wind developer Jim Gordon not giving up on project
By Jon Chesto Globe Staff October 27, 2015

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The president of Cape Wind developer Energy Management Inc. has not given up on the controversial wind farm project in Nantucket Sound. Cape Wind suffered what many saw as a death blow in January when Gordon and his team missed a crucial financing deadline and lost major contracts from utilities Eversource Energy and National Grid as a result, making it nearly impossible to attract the investment needed to start construction

But developments in recent weeks have made Gordon more hopeful that the project, which he worked on for more than a decade, can be revived.

There’s increased support on Beacon Hill for legislation that would prompt utilities to enter into more long-term contracts for clean energy, including a potential requirement that some of it comes from offshore wind sources. Gordon, whose firm is also working on solar and biomass projects, said he’s hoping to position Cape Wind to bid on those long-term contracts.

The recently announced closing of the Pilgrim nuclear power plant by 2019, meanwhile, is putting additional pressure on lawmakers and policy makers to find new sources of power that don’t produce greenhouse gases that result from burning fossil fuels such as natural gas and contribute to climate change.

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