The company behind the planned offshore wind farm in Massachusetts has officially given up on the nearly two-decade fight to bring it to life, saying it is better off developing other forms of energy elsewhere.

“During Cape Wind’s development period we successfully developed over a billion dollars of renewable solar and biomass energy projects and, although we were unable to bring Cape Wind to fruition, we are proud of the catalyzing and pioneering effort we devoted to bringing offshore wind to the United States,” said Jim Gordon, Cape Wind and Energy Management CEO, in a statement late last week after informing the Interior Department that it no longer will be using the permit it received to build the offshore energy project.