The possibility of eventually going further and deeper will be enhanced by the experience that will be gained with the turbines in Nantucket Sound....It is prudent that the first projects be relatively close to shore, and in relatively shallow water before moving further out. Nantucket Sound is a good place to begin.
-- Dr. James F. Manwell, Director, Renewable Energy Research Laboratory, UMass
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Wall Street Journal article about Cape Wind Wednesday, June 08, 2005
Today's (Wednesday, June 8) Wall Street Journal has an article on Page A4 entitled, "Energy Initiatives Gain Power in Some States" that gives considerable coverage to the Cape Wind project. In the article, Cape Wind President Jim Gordon is quoted saying, "I think Wall Street is falling in love with the idea of a fuel that costs zero. They don't have to run the risk of natural-gas prices rising so high that the power plants they finance don't get run."
The article also quotes Theodore Roosevelt IV, Managing Director of Lehman Brothers Holdings Inc., discussing his involvement in helping to secure financing for Cape Wind.
The article features the Massachusetts Technology Collaborative's Renewable Energy Trust and its Director, Robert L. Pratt.