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NORTH KINGSTOWNâThe Quonset Development Corporation (QDC) approved an option to lease agreement with Cape Wind Associates, LLC to establish a construction staging and transport area on two parcels of the portâs land. Cape Wind, which has been pushing through a lengthy permitting process and public debate since 2001, was the first to receive a federally recognized commercial lease to build a 130-piece wind turbine facility between Marthaâs Vineyard and Nantucket.
Cape Wind will have until April 1, 2013, to exercise the lease agreement, which could last three years in total if the two-renewal years are realized. Cape Wind has already deposited $10,000 as a down payment on the two parcels, which will cost in total $229,000 per year if the lease is exercised.
âThis has been a tough project, but we have obtained all the permits [and] secured two utilities,â said Dennis Duffy, vice-president of Regulatory Affairs at Cape Wind. âThis is one of the largest construction jobs in New England.â
According to Steven King, executive director at QDC, the two land parcels, 11.6 acres inland and 2.2 at Terminal 4, will be used to construct pieces of the wind turbines, as well as their temporary storage and transport to and from the nearly 46 square-mile leasing area off Massachusetts.
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