Cape Wind has received the approval by the Massachusetts Department of Public Utilities (DPU) of the 15-year Power Purchase Agreement (PPA) with NSTAR to buy Cape Wind’s energy, capacity and renewable energy credits.
The NSTAR / Cape Wind PPA is for 27.5% of Cape Wind’s power. In December, 2011, the Massachusetts Supreme Judicial Court unanimously upheld the DPU’s approval of Cape Wind’s PPA with National Grid for 50% of Cape Wind’s power. These two PPAs provide Cape Wind with the critical mass to continue securing project financing.
www.capewind.org
The NSTAR / Cape Wind PPA is for 27.5% of Cape Wind’s power. In December, 2011, the Massachusetts Supreme Judicial Court unanimously upheld the DPU’s approval of Cape Wind’s PPA with National Grid for 50% of Cape Wind’s power. These two PPAs provide Cape Wind with the critical mass to continue securing project financing.
www.capewind.org
