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21 October 2011 www.CapeWind.org 2
Who is Cape Wind? Energy Management Inc (EMI) Massachusetts energy company, founded in 1977 Energy conservation, efficiency & pollution
control Energy generation: 6 natural gas plants, 1
biomass plant in 1980’s – 1990’s Filed permit applications for Cape Wind,
November, 2001
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Graphic Credit: Bruce Bailey AWS Truewind
Why U.S. Offshore Wind ?
Graphic Credit: GE Energy
% area class 3 or above
US Population Concentration U.S. Wind Resource
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Cape Wind – 1st US project
130 Wind turbines, 3.6 MW Siemens turbines
468 MW installed capacity, 174 MW average
Turbines are 258’ tall, highest blade tip of 440’ tall, in grid array, turbines are spaced 6 to 9 football fields apart
Horseshoe Shoal still open to boating
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Why Nantucket Sound?
Nantucket Sound is ideally suited for offshore wind energy development
– strong wind – relatively protected,
shallow water – close to electrical
interconnect – near regional load
demand
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Project Site: Horseshoe Shoal, Nantucket Sound
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Cape Wind Data Tower
Click Here
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Wind Data Results
Cape Wind would tend to produce power when it is MOST NEEDED
Strong wind speeds in 11 of past 12 record electric demand summer events, due to strong sea breeze effect.
Average production during 10 peak electric demand events at 76% capacity, twice the normal average.
Strong winter production when natural gas availability is lowest
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New Bedford, MA Marine Commerce Terminal
November 3, 2010 WWW.CapeWind.org 10
Scientific Research during Cape Wind’s Permitting
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Favorable Agency Reports…
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Permitting & Leasing Process Complete
Fully approved with all Federal, State and Local permits
Cape Wind granted nation’s first commercial lease to operate an offshore wind farm
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Long Term PPA with National Grid
NG contract to buy half CW output approved by MA Dept. Public Utilities
CW year-1 price of 18.7 cents much lower than solar, but higher than land based wind
Unique benefits led to contract approval – scale, delivery, performance on peak
As economies of scale reached price of offshore wind will come down. Actual ‘bill impact’ is modest.
Price suppression of wholesale electric market
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Typical Profile 115 kV Solid Dielectric Submarine Cable
Typical Profile 115 kV Solid Dielectric Upland Cable
We Need Cables
We Need Steel
Steel for 130 monopiles, 300-350 tons each
Steel for 130 transition pieces
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Looking for Financing Partners
Barclays Bank is representing Cape Wind as our financial advisors
Seeking debt and equity partners
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Latest Cape Wind news
Cape Wind & Hy-Line Cruises make major Eco Tourism announcement
Hy-Line Cruises will commission new vessel to tour Cape Wind
Hy-Line will build a Cape Wind Visitor Center on their property on Hyannis Harbor
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Future Eco Tour in Nantucket Sound
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What’s Next for Cape Wind
Finish Selection of Contractors Contract(s) for selling additional power Obtain project financing – working with
Barclays Bank – challenge & opportunity Construction will take about 2 years
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What’s Next for U.S. offshore wind
Several projects under development U.S. Department of Energy identified
53,000 megawatts of potential development in next 20 years
Offshore Wind Developers Coalition has formed as new trade association – You can join!
Capacity of proposed U.S. offshore wind projects that have made significant progress
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THE OFFSHORE WIND DEVELOPMENT COALITION Board of Directors
– Apex Wind – Fishermen’s Energy – AWEA – Mainstream Renewables – Cape Wind – NRG Bluewater Wind – Deepwater Wind – OffshoreMW – Seawind Renewable
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THE OFFSHORE WIND DEVELOPMENT COALITION Supply Chain Member Categories
– Turbine suppliers – Submarine Cable suppliers – Substation suppliers – Electrical engineers – Wind resource experts – Environmental permitting firms – Construction firms – Design firms – Insurance brokers – Law firms – Vessel builders – Marine survey firms – Geotech/Geophys – Avian, Marine Mammal
surveyors – Barge companies
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OWDC Contact Information:
Jim Lanard, President Offshore Wind Development Coalition [email protected] 202-688-1424 www.OffshoreWindDC.org
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Thank You !
Interested in becoming a supplier to Cape Wind or becoming a financing partner?
If so, please contact me: Mark Rodgers [email protected] 508-237-6312
