Feds to Cape Wind: Not So Fast!

Upate

Not so fast, there, big boy! The Feds say "no."

Cape Wind’s attempt to win a US Department of Energy loan guarantee has been placed on hold, in a setback to efforts by the nation’s first offshore wind farm to secure financing.

In a letter sent this week, the department said that with the multibillion dollar loan program’s September expiration date approaching, remaining funds would be used on projects whose applications were further along.

“This is not a statement about the quality of your project, but simply about its readiness to proceed at this time,’’ read the letter, sent to Cape Wind and other applicants whose projects were placed on hold.

And so it goes. 

Original Posting

CapeWind updates are at this post.

Cape Wind finally gets Federal permit -- it took ten (10) years. And there are still obstacles, least of which is financing.

President Obama says he will look into streamlining the permitting process.