- Associated Press - Tuesday, April 19, 2011

The Patrick administration is pushing for a federal loan guarantee for Cape Wind that they say could provide savings of up to 15 percent for ratepayers serviced by the wind farm.

In a separate announcement Tuesday, the governor said his administration had requested that the federal government remove from consideration for wind farms offshore areas that have been identified by commercial fishermen and others as vital to the Massachusetts fishing industry.

A 2008 law requires Massachusetts utilities to obtain increasing amounts of renewable power and calls for 20 percent of their supply to be renewable by 2025. The same law tries to make it easier for renewable projects to get financing by requiring utilities to seek long-term deals with them for at least 3 percent of their total demand.