The organization that oversees the New England electricity market has decided not to allow Cape Wind to participate in an electricity auction for 2015-2016, saying that it is “unlikely” the project will be up and running by then. Here’s more from Sean Corcoran’s Cape Wind Blog:
The ISO looked at a variety of criteria to determine if a generator could auction off power in the 2015-2016 period, Blomberg said, including whether it had all its necessary permits, whether it could be properly connected to the grid, and whether financing was in place, among other factors. The Cape Wind project was one of 37 potential electricity generators that were not accepted for the auction.
Cape Wind’s strongest opponent, the Alliance to Protect Nantucket Sound, says the decision confirms the infeasibility of the project. But Cape Wind spokesperson, Mark Rodgers, “respectfully disagreed,” saying once again that they plan to begin construction by late 2012 or early 2013.