- Two business groups are saying Massachusetts can't afford the Cape Wind offshore wind project.
In full-page newspaper ads Thursday, the Associated Industries of Massachusetts and the Massachusetts Competitive Partnership say the state already has expensive energy, and the project's above-market power costs will make it tougher to attract business.
The partnership has a well-known leadership, including Patriots owner Robert Kraft and Fidelity Financial Services president Abigail Johnson.
Cape Wind has Gov. Deval Patrick's backing, and regulators say its benefits as a large source of clean energy off a busy coast outweigh its costs.
Cape Wind spokesman Mark Rodgers said the ads advance losing arguments. He said Massachusetts can't remain competitive by importing all its energy, and Cape Wind offers a better way forward.
The Department of Energy is currently considering a loan guarantee for the project.
© 2018 Cox Media Group.