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October 13, 2010

Proposed 130-turbine Cape Cod wind farm gets federal lease

  • But the project still faces lawsuits, an uncertain deal to sell half of its power output and a year-end deadline to start construction.

    • BOSTON (AP) — The developers of a wind energy project off the Massachusetts coast, the nation's first offshore wind farm, signed a 28-year lease with the federal government last week.

    The lease will cost Cape Wind Associates LLC $88,278 in annual rent prior to production, and a 2 percent to 7 percent operating fee once it starts making electricity.


     
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