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Business Voice for the Environment

March 25, 2008

MMS Cape Wind Energy Project
TRC Environmental Corporation
Wannalancit Mills
650 Suffolk Street
Lowell, MA 01854
Re: Cape Wind Energy Project

Dear MMS:
We are writing on behalf of Environmental Entrepreneurs (E2) (www.e2.org), a national community of over 850 prominent business leaders -- 80 of them in Massachusetts – to urge you to support the Cape Wind project and issue a Record of Decision as quickly as possible.
E2 and its members, who come from a wide range of business backgrounds, are widely recognized as a resource for understanding the business perspective on environmental issues. As a group of entrepreneurs, investors and professionals who collectively manage over $20 billion of venture capital and private equity, and have started well over 800 businesses which in turn have created over 400,000 jobs, we believe that Cape Wind is a vital project in propelling this region’s economic and environmental well being.
Seize the Opportunity Now  
The project has been under review for almost seven years. The longer we delay building Cape Wind the longer we risk losing the opportunity to become a globally recognized leader in clean offshore wind power.
As business leaders, we recognize the huge potential of offshore wind farms to boost regional and national economies while providing a clean, renewable, domestic source of energy. Increased use of wind energy would reduce the amount of natural gas needed to fuel the region’s power plants. This reduction would help relieve tight natural gas markets and in turn reduce heating and electric bills. Since there are no fuel charges associated with its production, the costs are more stable than other energy resources. ISO New England, the nonprofit corporation that coordinates the region’s supply of electricity, has not only approved Cape Wind’s plan; it is counting on the power the project will produce to meet the region’s growing energy demands.
States and localities along the East Coast, seeing the potential profit in wind energy, are making plans to erect wind farms to inject new life into their economies. Cape Wind, the first offshore wind park in the United States, is expected to create jobs and increase tax revenues in cities and towns located on the Cape, in Massachusetts and in nearby areas of Rhode Island. Cape Wind’s indirect economic benefits would include an anticipated boost to Cape Cod’s tourism industry and millions of dollars in reduced health care costs as a result of reduced use of (and subsequent pollution from) existing power plants.
Clean energy has the potential to be the 21st century’s engine of economic growth, job creation and innovation. In Europe, the 8,660 megawatts of wind power capacity added in 2007 accounted for 40 percent of all new power installations. This marks the first year in history that wind power additions in Europe exceeded the additions of any other power source, including natural gas. Countries like Spain, Denmark and Germany have made an investment in this new frontier and are beginning to reap the rewards. The United States will be at a severe competitive disadvantage unless we act soon and decisively.

Cape Wind will provide a huge source of clean, renewable energy while reducing greenhouse gas pollution and keeping our country competitive. A recent independent study found that the addition of Cape Wind electricity would exert a downward pressure o­n wholesale electricity market prices, leading to a savings of approximately $25 million per year for the New England electricity market while reducing our dependence on imported oil.  The project will serve as a leading example to the rest of America that what’s good for the environment is also good for business.
Thank you for the opportunity to submit comments on the Cape Wind energy project. For further information please contact Berl Hartman at 617 497-0393 or via email at berl@berlhartman.com.             

Daniel Bailey
Rackemann, Sawyer & Brewster
Jay Baldwin
Partner, Wind River Capital Partners, LLC
Constance Barbour
Eric Becker
Chief Investment Officer, Clean Yield Asset Management
Aron Bernstein
Professor of Physics, MIT
Blake Bisson
Director of Marketing, American Superconductor
Brad Bradshaw
President, Massachusetts Hydrogen Coalition, Inc and Vereity Management Consulting
Michelle Brauner
EIF Group
Bill Capp
Founder, Grid Storage Consulting
Jacqueline Capp, DDS
Owner, JHC Studio
Alex Cheimets
Dan Comstock
Sally Fay Cottingham
Filmmaker, Moving Scrapbook Productions
William Cottingham
Donald Crookes
President and Founder, Hy-SyEnce
Nick d'Arbeloff
Vice President - Commerical, SunBug Solar
Chris Davis
Partner, Goodwin Procter LLP
Rob Day
George Denny
Partner, Halpern Denny & Co
John DeSantis
Founder and President, Civic Capital Group, LLC
David Duehren
Co-founder, Brooktrout Techology
Eric Emmons
Mass. Green Energy Fund
Alison Fiedman
Rate It Green
Thomas Gebhard
Harry Gold
CEO and Founder, OverDrive Interactive
Susan Goldhor
Biologist, C.A.R.S.
Dan Goldman
Co-Founder and Managing Partner, Clean Energy Venture Group
Diana Goldman
Founder, ICanPlanIt
L.D. Gussin
Principal, Cleanmotive Strategies
John Harper
Principal, Birch Tree Capital, LLC
Berl Hartman
E2 New England Chapter Director, Hartman Consulting
Hyman Hartman
Research Scientist, Massachusetts Institute of Technology
Nancy Hazard
Consultant, WorldSustain
John Howe
Director, Public Affairs, FloDesign Wind Turbine Corp.
Eric Hudson
Founder & CEO, Preserve
David Hurwitz
President, Garnett Consulting
Charlotte Kahn
Co-Founder & Director Emeritus, Boston Indicators Project at the Boston Foundation
Christopher Kaneb
Principal, Catamount Management Corporation
Jon Karlen
IDG Ventures
Julie Kremer
Karen Krucik
Business Development Manager, Vision Developers
David Kulow
President, All Terrain
Susan Labandibar
President, Tech Networks of Boston
Joseph LaRusso
Assistant Corporation Counsel
Daniel Lewis
Murphy, Lewis and Loscocco
David Lowe
Paul Maeder
Founder & Managing General Partner, Highland Capital Partners
David Marcus
CEO, General Compression
Jeffrey McGraw
Director, HighQuest Partners
Theo Melas-Kyriazi
David Miller
Executive Managing Director, Clean Energy Venture Group
Karen Miller
President, Belly Shmooze
Rob Moir
President, Ocean River Institute
Ted Moriarty
Owner, Smart Watering Company
Anne Murphy
Vivian Myers-Marowitz
Co-Chair, Comprehensive Sustainable Energy Planning Committee
Anne Peretz
Rob Pratt
CEO & Founder, GreenerU
Daniel Renshaw
Principal, Wind Energy Consulting
Wilson Rickerson
Jacqueline Royce
Independent Scholar
Keren Schlomy
Attorney at Law
Paul Sellew
CEO & Founder, Little Leaf Farms
Steve Shoap
Karen Shragle
William Staby
CEO, Resolute Marine Energy
Andrew Stern
Hull Wind
Christopher Stix
Executive in Residence, Babson College Fund
Terry Swack
CEO, Sustainable Minds
Jim Sweeney
President, Sustainable New Energy
Ian Todreas
Vice President, ERG
Haskell Werlin
Solar Project Developer, Solar Design Associates
Sam White
Co-Founder, Promethean Power
George Woodwell
Founder and Director Emeritus, The Woods Hole Research Center

74 members

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