2021-10-23
http://w3.windfair.us/wind-energy/news/38726-vineyard-wind-offshore-wind-farm-financial-close-cip-united-states-usa-avangrid-renewables-grid-turbine-installation

Vineyard Wind offshore wind farm reaches financial close

Image: PixabayImage: Pixabay
The project represents one of the largest investments in a single renewable energy project in the United States and will become the first commercial scale wind farm in the US.

Official Press Release Vineyard Wind:

Vineyard Wind 1 Becomes the First Commercial Scale Offshore Wind Farm in the US to Achieve Financial Close

Wind Industry Profile of
Vineyard Wind 1 Becomes the First Commercial Scale Offshore Wind Farm in the US to Achieve Financial Close

At $2.3b, the project represents one of the largest investments in a single renewable energy project in the United States.

Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), today announced that the company’s first project has achieved financial close. Working with nine international and U.S. based banks, $2.3 billion of senior debt has been raised to finance the construction of the project. The milestone enables Vineyard Wind to provide a notice to proceed to its contractors in the coming days and weeks, allowing suppliers to start hiring, training and mobilizing people to prepare for both on and offshore construction. Onshore work will begin this Fall in Barnstable,... ... More: Official Press Release Vineyard Wind

Keywords:
Vineyard Wind, offshore, wind farm, Financial Close, CIP, United States, USA, Avangrid Renewables, grid, turbine, installation







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