STATE HOUSE, BOSTON — Cape Wind is ceasing development of its wind farm and giving up its federal lease, according to the Cape Cod Times.

Once well positioned to become the nation's first off-shore wind farm, the project has been buffeted by legal challenges and trapped in financial doldrums.

“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,” Cape Wind vice president Dennis Duffy told the Times.

Opponents cheered the news.

"For 16 years a coalition of business and political leaders, Cape Cod and Island communities, Native Americans and fishermen, pilots and environmental advocates – all stood united to say ‘no’ to a massive private development that would have ruined the national treasure that is Nantucket Sound. Today, I am thrilled to say that the fight to stop Cape Wind is finally over," Alliance to Protect Nantucket Sound CEO Audra Parker said in a statement.

She said, "Cape Wind has announced it has abandoned its misguided plan to develop the Sound and is giving up its lease to 46-square miles of seabed. The Alliance to Protect Nantucket Sound intends to move forward with the strong and determined coalition we have forged to make certain that never again is a private developer given the rights to land that belongs to all of us."

--Andy Metzger, State House News Service

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