Cohocton Wind Watch: Cape Wind not worth the price
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


READ about the FIRST WIND Connection to the Obama Administration

Industrial Wind and the Wall Street Cap and Trade Fraud




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Wednesday, October 30, 2013

Cape Wind not worth the price

The Cape Wind project, started by Jim Gordon in 2001, has largely turned into a distraction for renewable energy in New England. The projected construction cost rose from $500 million in 2001, for 168 megawatt annual average (not peak) generating capacity, to $2.6 billion recently for 183 MW.
Comparable conventional electricity is just across the Charles River from us in Cambridge: the Kendall Square station. Opened by Cambridge Light and Power in 1949 burning coal, it was converted to efficient combined-cycle natural gas by Mirant in 2000, and is now run by NRG Energy.

Kendall Square has a year-round (not peak) generating capacity of 218 MW. For the three most recent calendar years, it averaged 68 percent of capacity, selling into a New England bulk electricity market with average wholesale prices per kilowatt-hour of $0.051 in 2010, $0.048 in 2011, and $0.037 in 2012 — per ISO New England.

In 2012, Cape Wind had contracts to sell bulk electricity for $0.187 per kWh that it cannot fulfill because its offshore wind farm remains unbuilt. That’s about five times the actual, average wholesale price of electricity in New England for the year.

In September 2013, Massachusetts and Connecticut state agencies approved long-term agreements by Northeast Utilities, National Grid and other utilities to buy bulk electricity from land-based wind farms run by First Wind, Iberdrola Renewables and Exergy Development at an average wholesale price of less than $0.080 per kWh.

The total capacity of land-based wind power coming under contract in 2013 is nearly twice what was promised by Cape Wind. The price per kWh is less than half the price from Cape Wind. If Cape Wind had built its offshore wind farm at the cost projected in 2001, it too could sell renewable energy at a fair price.

Craig Bolon, Fuller Street 

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Click on link to submit your SEC complaint on the
First Wind Holdings Inc. IPO public offering


TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

First Wind Holdings Inc. 7/31/08 SEC S1 IPO Filing

May 14, 2010 addition to the First Wind Holdings Inc. SEC S1A IPO Filing

August 18, 2010 amendment 7 to the First Wind Holdings Inc. SEC S1A IPO Filing

October 13, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing

New October 25, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing


FIRST WIND Lays an Egg WITHDRAWS IPO
after Wall Street no confidence in company




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