Thursday, February 27, 2014

Funds and New Timetable for Offshore Wind Farm in Massachusetts

Jim Gordon, the president of Cape Wind, last fall in Boston. He said Wednesday that the company had received a $600 million loan commitment from a Danish investment agency. (Credit: Evan McGlinn for The New York Times) Click to enlarge.
Cape Wind, the much-delayed offshore wind farm project proposed for Nantucket Sound, said Wednesday that it had received a new loan commitment that would allow it to finish its financing this fall and begin producing power by 2016.

 “We expect to complete project financing in Q3,” Mark Rodgers, a spokesman for Cape Wind, wrote in an email, referring to the third quarter.  “We will begin construction (on land) shortly thereafter.  We will begin ocean construction in 2015 and commission the project in 2016.”

 Funds and New Timetable for Offshore Wind Farm in Massachusetts
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