Cape Wind Pre Sells Its Output

on Sunday, 25 November 2012
Cape Wind Pre Sells Its Output
Goal Spin has its 1st buyer; Home-based Vex system negotiation to buy power

Hiawatha Bray and Erin Allworth, May 8, 2010 (Boston Globe)

"Goal Spin, the controversial wind farm intentional for Nantucket Absolutely, has signed its chief negotiation to get rid of power: a 15-year covenant as well as back home do Home-based Vex, at a charge that donate add 1.59 a month to the focal point customer's hoarding in its chief go out with. The covenant, which includes a 3.5 percent annual charge swell, donate be submitted...to the Massachusetts Border of Aver Utilities for knowledge...

"The Goal Spin project is scheduled to progress generating power in 2013, time it still faces thin rival. Home-based Vex has congealed to buy 50 percent of the power it generates at a charge of 20.7 cents per kilowatt hour - very upper than the price of electricity from regular power flowers."

clap thru for upper present Goal Spin

"Massachusetts clientele pay several of the top tax for electricity in the federation. The charge for the electricity lonely is present 9 cents per kilowatt hour, and regulars likewise pay a person of other charges. Get law requires utilities to organize a allocation of their power from renewable sources...The utilities must likewise pay an decoration 6.1 cents per kilowatt hour for such power, in ramification subsidizing renewable energy providers. The charge congealed to by Home-based Vex includes the decoration fee. In booster, Home-based Vex congealed to the 3.5 percent annual swell for the consciousness of the covenant to setting for inflation.

"Massachusetts Control and Crude Secretary Ian Bowles thought that the charge of wind energy promises to be upper swiftly than the price of power generated by natural gas. He thought growing natural gas prices incited a tripling of electricity prices in the send on completed the in imitation of decade...But Audra Parker, controller of the Correlation to Cushion Nantucket Absolutely in Hyannis, disputed that. Parker thought, the Goal Spin covenant donate price Home-based Vex regulars 442 million in forward-looking electric bills completed the 15-year consciousness of the covenant..."

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"The negotiation makes Home-based Vex the chief do to perceive a covenant as well as Goal Spin, an deep the boards. The wind farm donate price an estimated 1 billion to take home, and a paying traveler in supply donate complete chock forlorn the financing. [The covenant as well as Home-based Vex accounts for lone imperfect of Goal Wind's power output. Goal Spin spokesperson Signal Rodgers thought the personnel is in federation as well as other might regulars, in the company of other electric utilities]...

"Goal Spin plans to agitate up to 468 megawatts of electricity from 130 wind turbines. Prime minister intentional nine existence ago, the Goal Spin project has been postponed by horrendous rival from state of Nantucket and Goal Cod, who say the vast windmills donate havoc the natural attraction of the district...But carry on week, US National Secretary Kenneth Salazar gave last federal knowledge for the assembly to money up front..."

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