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QDC approves Cape Wind lease option

July 17, 2014

NORTH KINGSTOWN—The 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 port’s 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 Martha’s 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.
“This has been a tough project, but we have obtained all the permits [and] secured two utilities,” said Dennis Duffy, vice-president of Regulatory Affairs at Cape Wind. “This is one of the largest construction jobs in New England.”
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.

For more of this story pick up a copy of The Standard-Times.

Source 
Southern Rhode Island Newspapers
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