Offshore wind companies are racing to develop America’s East Coast

FORBES | On a windy stretch of ocean ten miles northeast of Martha’s Vineyard lies the watery grave of America’s first major offshore wind farm. 

This is where a Boston-based company called Energy Management planned to build 130 Statue of Liberty-sized turbines, enough to supply power to 200,000 homes. 

But the project known as Cape Wind never made it beyond the planning stages. Facing relentless opposition from wealthy homeowners on Nantucket Sound, including the billionaire industrialist William Koch and the late Democratic senator Edward Kennedy, it drowned in a sea of lawsuits over 16 years. Energy Management declared it dead in December 2017. 

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