Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

United States

United States

Wind power producers concern over fallout from Cape Wind project

US wind power producers are concerned about suffering collateral damage in the political turmoil surrounding the controversial Cape Wind offshore project, proposed for waters off the coast of Massachusetts in the US Northeast. "With respect to offshore, in particular the Cape Cod project, it is focusing a lot of national attention that is not putting the best light on the wind industry," PPM Energy Terry Hudgens told a media briefing at this year's American wind industry conference. "We are all focused on the onshore business, because that is where the economics work, that is where our demand is, and in most places onshore we are welcomed by the communities where we are doing business. My concern is that we will take collateral damage from a lot of very vocal and powerful opponents of some of the offshore wind." Alan Waxman of Goldman Sachs said his company is not a big believer in offshore wind. "Just as a business matter, we don't see offshore wind as an opportunity that we need to attack today. We don't think the economics are there," he said. "Over time, could they get there? Yes, they could. Over time, when there is market saturation onshore, then that is the time to focus on it."

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Only [DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs