Cape Wind Associates said it has ended its development of an offshore wind farm and is giving up its lease for 46 square miles in Nantucket Sound off Massachusetts, the Cape Cod Times reported.
The announcement put an end to the 16-year effort to build the wind farm.
“Cape Wind has confirmed to the Bureau of Ocean Energy Management that it has ceased development of its proposed offshore wind farm project in Nantucket Sound and has filed to terminate its offshore wind development lease that was issued in 2010,” according to a statement emailed to the Cape Cod Times by Cape Wind vice president Dennis Duffy.
The newspaper said the project had a major setback in January 2015, when Eversource and National Grid canceled contracts to buy power from the turbines. In 2016 the state Energy Facilities Siting Board reportedly declined to extend permits for the project. They were originally issued in 2009.