Last July, Energy Secretary Ernest Moniz heralded Cape Wind, which was awarded a $150 million loan guarantee by his department, as the beginning of “a strong U.S. offshore wind industry.”
Now Massachusetts taxpayers are stuck with a $113 million marine terminal started by former Gov. Deval Patrick as a construction staging area for Cape Wind a failed wind farm project that was supposed to provide clean energy and hundreds of jobs for the state's residents.
Instead of creating hundreds of new jobs and 360-million megawatts of clean energy, Cape Wind created a new problem for state officials: What to do with the unfinished $113 million marine terminal?
Saving the environment is a noble cause but throwing money at unworkable projects seems to be the the normal approach by Democrat politicians. Even President Obama has wasted billions of taxpayer dollars on unworkable solar projects such as the Solyndra debacle along with other solar panel disasters while the media looked away.