The federal Bureau of Ocean Energy Management, Regulation and Enforcement said it issued a commercial lease of approximately 46 square miles of submerged lands in Nantucket (Mass.) Sound to the Cape Wind Energy Project for the construction and operation of an offshore wind farm.
The 33-year lease provides for payment of $88,278 in annual rent prior to production and a 2 to 7 percent operating fee after production starts, according to Bryant's Marine News.
The project plan calls for 130 3.6-megawatt wind turbine generators to be arranged in a grid pattern in Nantucket Sound. The transmission cables for the project, if approved, would pass through Massachusetts' submerged lands.
With a maximum electricity output of 468 megawatts and an average anticipated output of 183 megawatts, the project is expected to generate electricity equivalent to three-quarters of the Cape and nearby islands' electricity needs.