U.S. hoping to reach agreement on controversial Cape Cod Offshore Wind Power Project
The U.S. hopes to reach an agreement by March 1 over the controversial and long-delayed Cape Wind power project that would be located in federal waters off Cape Cod in Massachusetts. Approval of the offshore wind farm would be a big boost to the Obama administration's plan to increase U.S. renewable energy production and create advance-technology jobs, while a defeat of the project could undermine White House efforts to develop a clean energy economy. The Cape Wind project developers aim to construct 130 towers, which will soar 440 feet above the surface of the Nantucket Sound. The proposed $1 billion wind farm would provide electricity to about 400,000 homes, but would be within view of popular Cape Cod resorts and homes, prompting serious opposition from business leaders and politicians.