Cape Wind offshore wind power project construction expected to begin by end of year

Cape Wind offshore project $200 million conditional investment PensionDenmark Copenhagen Infrastructure I Massachusetts Siemens turbines

An executive at Cape Wind Associates LLC said the company expects construction of the first offshore wind farm in the U.S. to begin by the end of 2013, according to a report from Bloomberg. The project would be located on the Horseshow Shoal in Nantucket Sound.

Construction of the $2.6 billion project is being delayed by two legal appeals after the company has already won 13 previous challenges, Bloomberg reported Cape Wind Vice President Dennis Duffy as saying at the American Wind Energy Association’s Offshore Windpower 2013 conference.

The project received a $200 million investment from PensionDanmark last June, but the investment is conditional on the project beginning construction by the end of 2013. Construction would also need to begin by that time to qualify for the federal production tax credit.

The 468-MW project would use 130 3.6-MW turbines from Siemens.